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SOURCE Insurance Auto Auctions, Inc.
Expanded Facility Will Better Serve Regional Demand for Auction Services
WESTCHESTER, Ill., Sept. 11, 2013 /PRNewswire/ -- 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 Oklahoma City site to a larger facility in the region. This relocation significantly expands IAA's capacity and further demonstrates the company's strategic vision of growth among key customer markets across North America.
"Over the past several years, we have experienced a significant increase in demand from multiple customers in Oklahoma City as well as the need for catastrophe services in the region. The relocation of our facility to a new state of the art building will allow us to better serve this important market and provide enhanced services to our existing customers," said Tom O'Brien, CEO of IAA.
The new 30-acre facility gives IAA the additional capacity necessary to serve the greater Oklahoma City market and provide IAA's growing global buyer base, which consists of rebuilders, used car dealers, automotive body shops, automotive wholesalers, exporters, dismantlers, recyclers and brokers, with a state of the art facility.
IAA's Oklahoma City new auction facility will be located at 7300 N. I-35 Service Road in Oklahoma City. Auctions will take place every Wednesday at 9:30am CT, and an onsite preview is available on Tuesdays from 8:00am to 4:30pm CT. For more information, call the branch at 405-680-9211, 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 has over 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 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.
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