WESTCHESTER, Ill., Dec. 19, 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 a new facility in Fayetteville, AR (commonly known as " Northwest Arkansas"), and the relocation of its Anchorage, AK site to a larger facility in the region. These actions significantly increase IAA's capacity and further demonstrate the company's strategic vision of an expansive footprint of more than 160 locations throughout North America.
"These moves further expand and improve IAA's capacity to service two growing regions," said Tom O'Brien, chief executive officer of Insurance Auto Auctions, Inc. "IAA is committed to strategic moves in areas across North America where there is strong customer demand. We've seen significant growth in Arkansas and Alaska and these moves offer more locations for providers to sell their vehicles, resulting in more cars on which domestic and international buyers can bid."
IAA's new live and live-online auction facility in Fayetteville is located at 2801 E Pridemore Dr. in Lincoln, AR. The facility will be approximately 10 acres, with an additional five acres for future development. For more information, call the IAA Fayetteville branch at 479-824-6200, or go to IAA's branch Information page at www.iaai.com.
IAA's newly relocated Anchorage auction facility will be located at 221 E Centaur in Wasilla, AK, two miles away from the previous site. The expanded facility triples our capacity in the market, allowing IAA to better serve the Alaskan market. Auctions will take place every Friday at 10:00am AKT, and an onsite preview is available on Thursday from 8:30am to 4:30pm AKT. For more information, call the IAA Anchorage branch at 907-376-5364, or go to IAA's branch Information page at www.iaai.com.Additional information regarding any of IAA's upcoming weekly auctions can be found on the company website 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.