Insurance Auto Auctions Footprint Leads the Industry with a Relocation to an Even Larger Auction Facility in Shirley, Massachusetts

IAA’s growth and expansion continues as performance increases in a down economy

WESTCHESTER, Ill.--(BUSINESS WIRE)-- Insurance Auto Auctions, Inc. (IAA) the leading live and live-online salvage auto auction company and wholly-owned subsidiary of KAR Auction Services, Inc. (NYSE: KAR), today announced the relocation of its Lancaster facility to a larger facility in Shirley, Massachusetts. In the new facility, IAA will operate on nearly 28 acres and a 17,000 square foot building that will house weekly indoor run and drive auctions, indoor storage and shrink wrapping services.

“The need for more space continues as we relocate yet another IAA auction facility, which is good news for our local customers and our global buyers,” said John Kett, president and chief financial officer at IAA. “Our strategic expansion will continue to be a core focus to exceed both buyer and seller service expectations. Our well-established business model includes in-person and on-line auctions which allow us to flex in ways a single auction model cannot. We can ensure our clients have full access to the most comprehensive salvage auto auction network when they need it, and can purchase in a manner that best suits their needs.”

IAA’s mature global buyer base, which consists of automotive body shops, rebuilders, used car dealers, automotive wholesalers, exporters, dismantlers, recyclers, brokers, and where allowed, non-licensed (public) buyers, now has even more choices when it comes to the number of salvage vehicles to bid on and buy.

IAA’s Shirley, Massachusetts auction facility is located at 2 Going Road in Shirley. IAA auction preview dates and times vary for each facility. For more information, call the Shirley branch at 978-425-0990, or go to IAA’s Branch Information page at www.iaai.com.

About Insurance Auto Auctions, Inc.

Insurance Auto Auctions is the leading live and live-online salvage vehicle auction company and a wholly-owned subsidiary of KAR Auction Services, Inc. (NYSE: KAR). Headquartered in Westchester, Illinois, IAA owns nearly 160 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 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 hundreds of charitable organizations in the US through its One Car One Difference™ campaign. To date IAA has provided millions back to charities. Learn how we are making a difference by visiting www.1car1difference.com. With a talented team of over 1,800 employees, IAA is committed to providing customers with the highest level of services in the salvage auto industry. Go to www.iaai.com to learn more, and follow IAA on Facebook and Twitter.

Insurance Auto Auctions, Inc.
Jeanene O’Brien | Vice President, Marketing
708-492-7328 | www.iaai.com

Source: Insurance Auto Auctions, Inc.