Insurance Auto Auctions Announces Opening of a New Location in Billings, Montana

<p>Business Editors/Automotive Writers</p> <p>WESTCHESTER, Ill.--(BUSINESS WIRE)--October 14, 2008--Insurance Auto Auctions, Inc. the leading North American salvage auto auction company today announced the opening of a new location in Billings, Montana which will strengthen the company’s presence in the Northwest. This location will serve to enhance delivery of IAA’s services to both vehicle provider and buyer clients in these areas.</p> <p>The Billings facility features additional inventory space and will significantly decrease towing charges for vehicle providers and buyers in the Northwest. Buyers will now have access to additional auctions and inventory each week through the industry’s best performing auction model, IAA’s hybrid design, which combines live physical auctions with live internet bidding.</p> <p>“As the largest salvage auction provider in North America, IAA strives to provide industry-leading quality and coverage for our customers,” stated Tom O’Brien, CEO. “Billings, our 151 st facility, underscores the continued improvement of our facility footprint to ensure our customers are best served.”</p> <p>ABOUT INSURANCE AUTO AUCTIONS</p> <p>Insurance Auto Auctions, Inc. is leading the salvage auto auction industry in North America by providing the largest facility footprint, strongest buyer base and highest selling returns. IAA’s exclusive focus on the salvage auto auction industry and 151 corporate owned facilities across the United States and Canada provides suppliers and buyers with the best solution to process and acquire total-loss, recovered-theft, fleet lease and rental vehicles. The company’s hybrid auction model, including live, internet and proxy bidding, united with their mature buyer base and diverse inventory produce record setting returns. With over 25 years in the industry, IAA holds the most comprehensive warehouse of salvage auction data. For more information regarding IAA, please visit our website at www.iaai.com.</p>