Insurance Auto Auctions Relocates to Gorham, Maine Facility

Strategic expansion continues with facilities that offer larger capacity and convenience

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 it’s Saco, Maine facility to a larger facility in Gorham, Maine. This relocation more than doubles IAA’s capacity in this region and demonstrates the company’s strategic vision of growth and expansion with it’s industry leading North American footprint.

“IAA will continue to evaluate opportunities to open and acquire new sites in selected markets in order to effectively leverage our sales and marketing capabilities and expand our geographic presence,” said Tom O’Brien, chief executive officer at IAA. “As we relocate from our Saco, Maine facility to our new Gorham, Maine auction facility, customers can expect the same great service and additional capacity to service Portland and the surrounding communities.”

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 Gorham, Maine auction facility is located at 9 Moody Drive in Gorham. IAA auction preview dates and times vary for each facility. For more information, call the branch at 207-283-1141, 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 over $50 million back to charities. Learn how we are making a difference by visiting www.1car1difference.com. With a talented team of over 1,700 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, 708-492-7328
Vice President, Marketing
www.iaai.com

Source: Insurance Auto Auctions, Inc.