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Insurance Auto Auctions Expands Presence In Key U.S. Markets

WESTCHESTER, Ill., Oct. 29, 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 opening of two new facilities in New Orleans, LA and Culpeper, VA, respectively. The openings mark the company's 32 nd location in the South Central region, and the 49 th location in the Southeast region, further demonstrating IAA's expansive footprint of more than 160 locations throughout North America.

"The addition of these new facilities enhances IAA's capacity in two critical and growing markets, including New Orleans and the greater Washington, D.C. metropolitan area," said Tom O'Brien, chief executive officer of Insurance Auto Auctions, Inc. "IAA is committed to expanding its presence in areas across North America where there is a strong customer demand, which means we're offering more locations for providers to sell their vehicles and more cars for global buyers to bid on and win."

IAA's new live and live-online auction facility in Culpeper, VA is located at 15201 Review Road. The fully functioning facility gives IAA the additional capacity necessary to serve the greater Washington, D.C. Metropolitan market.

The New Orleans East facility is located at 6600 Almonaster Blvd., providing IAA additional acreage to serve the growing region and offer additional capacity in this catastrophe-prone area.

IAA auction preview dates and times vary by facility. Details regarding upcoming auctions taking place at these two facilities can be found on the company'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.

SOURCE Insurance Auto Auctions, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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