This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Insurance Auto Auctions Relocates Austin Branch To Larger Upgraded Facility

Stocks in this article: KAR

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 Austin branch to a brand new facility. The initial size of the facility will be 37 acres with additional expansion possibilities. With its excellent facilities, this new strategic location in southeast Texas, will offer IAA buyers and sellers a significantly improved auction experience.

“Enhancing the live auction experience is important to us as our live and live online auction method is the best method to attract the wide variety of buyers who attend our auctions each week,” said Tom O’Brien chief executive officer at Insurance Auto Auctions, Inc. “In fact, we decided to relocate to this larger facility for a number of key reasons. In this market, we offer a covered inspection area that is convenient to sellers when it hits 100-degree heat in Texas. There are two covered run-and-drive lanes, 37-acres of usable space with more than 20 additional acres to expand, and 250-feet of covered motorcycle and hi-value vehicle storage areas to meet our high volume demand. In addition to the primary storage area, we have dedicated additional acres to handle catastrophe (CAT) situations for this region. I’m pleased to report that customer reviews already indicate a positive response to this new location and its facilities.”

Auction sales will be held at this facility on Tuesdays at 9 a.m. The new IAA-Austin address is 2191 State Hwy 21 in Dale, Texas. The telephone number is 512-321-8075. Given the expansive landscape, this location also mirrors the company’s green philosophy with respect to the environment and an added greenbelt to the entrance will use reclaimed water for its landscape irrigation. In addition, IAA incorporated recycled concrete and reclaimed asphalt throughout the facility wherever possible.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs