Insurance Auto Auctions Opens Third Location in South Carolina

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 opening of its Columbia, South Carolina branch location and marks its continued expansion in the Southeast.

“We are pleased to strategically expand our coverage with branch locations that make doing business with IAA convenient for our buyers and sellers alike,” said Tom O’Brien, CEO of Insurance Auto Auctions, Inc. “IAA has the state covered end-to-end with locations in Charleston, Greenville, and now Columbia. This is a strategic central location in South Carolina for IAA’s mature, international buyer base to participate in auctions either on-line or in-person. Our vehicle providers will realize added benefits by way of reduced towing expense and a large capacity for a variety of salvage vehicles from cars and trucks to motorcycles and specialty vehicles,” O’Brien stated.

In keeping with the company’s green philosophy with respect to the environment, IAA utilized recycled materials for the storage and inventory yard surface. Instead of building from the ground up, IAA determined that enhancing and repurposing the existing facility, which housed a former truss manufacturing business, offered plenty of options and capacity.

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 have even more choices when it comes to the number of salvage vehicles to bid on and buy.

IAA’s Columbia branch is located at 1416 Atlas Road. IAA auction preview dates and times vary for each facility. For more information, call the branch at 803-217-0109, or go to IAA’s Branch Information page at www.iaai.com.

About Insurance Auto Auctions, Inc.

Insurance Auto Auctions, Inc. (IAAI) a wholly owned subsidiary of KAR Auction Services, Inc. (NYSE: KAR), provides the advantage in salvage auto auctions with their Dual Platform Auction Model combining live and live-online auctions, North America’s broadest salvage auction facility footprint, a strong global buyer base and high vehicle returns. IAA’s more than 155 facilities across the United States and Canada provide vehicle suppliers and buyers with powerful solutions to process and acquire total-loss, recovered-theft, fleet lease, donation and rental vehicles. The IAA Dual Platform Auction Model, including live, live-online, and proxy bidding, united with their mature global buyer base and diverse inventory produce some of the industry’s highest returns for vehicle providers. IAA also facilitates the national One Car One Difference™ vehicle donation program www.1car1difference.com. With nearly 30 years in the industry, IAA holds a comprehensive warehouse of salvage auction data. For more information regarding IAA visit our website at www.iaai.com.