Insurance Auto Auctions Increases Presence In Austin

Leading Salvage Auto Auction Company Expands Branch in Austin, TX

Aug 14, 2015, 12:35 ET from Insurance Auto Auctions, Inc.

WESTCHESTER, Ill., Aug. 13, 2015 /PRNewswire/ -- Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE: KAR), and the leading live and live-online salvage auto auction company, today announced the recent expansion of its Austin branch. The facility, now comprising 57 acres, offers IAA buyers and sellers an improved auction experience.

IAA relocated its Austin branch in July 2012 to the current location, which initially spanned 37 acres and featured two covered run-and-drive lanes and 250 feet of covered motorcycle and high-value vehicle storage area. The recent expansion of 20 acres, completed this month, gives IAA more versatility in providing quality service and increased production to a higher volume of customers.

"Our expansion in Austin is exciting for several reasons," said John Kett, IAA president and CEO. "The growth of our state-of-the-art facility provides more storage area and further enhances our unparalleled auction experience by providing our loyal customers a greater inventory of vehicles from which to choose.  It also gives IAA additional capacity to handle catastrophe (CAT) situations in the Austin area, helping the community more efficiently recover from disasters."

As part of IAA's continued commitment to its environmental philosophy, the Austin site expansion incorporates enhanced sustainability features, including water reclamation technology for irrigation, recycled concrete and reclaimed asphalt.

IAA's unmatched operational expertise helps to provide end-to-end solutions and standardized quality assurance practices. IAA buyers have access via their mobile devices and can bid on up to eight auctions at a time. The IAA Auction Center offers auctions in six languages including: English, Spanish, Mandarin Chinese, French, Polish and Russian. An estimated 30 percent of IAA's vehicles are sold and exported to foreign countries, which further strengthens its philosophy of choice and flexibility with "anywhere" access and mobile technology.

Auction sales will be held on the facility on Tuesdays at 9 a.m. CT. The IAA-Austin address is 2191 Highway 21 West in Dale, Texas, and the telephone number is 512-321-8075.

About Insurance Auto Auctions, Inc.

Insurance Auto Auctions is the leading live and live-online salvage vehicle auction company and a business unit of KAR Auction Services (NYSE: KAR). Headquartered in Westchester, Illinois, IAA has over 165 auction facilities throughout North America offering towing, financing and titling services. With the most auction facilities in North America, IAA provides registered buyers from around the globe with millions of opportunities to bid on and purchase donated and salvaged vehicles. Since 1982, IAA has sold millions of vehicles through its weekly auctions for insurance companies, fleet and rental companies, financing companies, charity organizations and the general public. IAA also leverages its business model to assist charitable organizations in the US through its One Car One Difference® campaign. To date IAA has provided millions of dollars in additional funding to charities by assisting in the processing of donated vehicles. Learn how we are making a difference by visiting www.1car1difference.com. With a talented team of over 2,000 employees, IAA is committed to providing customers with the highest level of services in the salvage auto industry. Go to www.IAA-Auctions.com to learn more, and follow IAA on Facebook and Twitter.

Jeanene O'Brien | Vice President (708) 492-7328 | www.iaai.com

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SOURCE Insurance Auto Auctions, Inc.



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