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Insurance Auto Auctions Expands Presence In Shreveport And Fargo

Stocks in this article: KAR

WESTCHESTER, Ill., Feb. 11, 2014 /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 branch in Shreveport, LA and the relocation of its Fargo, ND branch to a brand new facility. The openings further demonstrate IAA's expansive footprint of more than 160 locations across North America.

"IAA continues to expand in critical markets where there is demand and opportunity. The opening of our Shreveport branch and the relocation of our Fargo facility are logical, strategic steps for us in our development in these regions," said John Kett, president, Insurance Auto Auctions, Inc. "We are excited to have a larger presence in Shreveport and Fargo, which provides buyers and sellers with an improved auction experience.  We are also pleased to honor our company's longstanding commitment to the environment as both facilities were constructed using recycled materials."    

IAA's new live and live-online auction facility in Shreveport is located at 4836 McGee Road in nearby Greenwood, LA. The size of the facility is 24 acres with additional expansion possibilities. The 9,800 square foot fully-functioning facility, which opened in December, gives IAA the additional capacity necessary to expand its footprint in the Northwest corner of Louisiana, which has experienced significant growth. In addition, IAA used 100 percent recycled products in the construction of the facility, including recycled content for the base material and recycled asphalt for the surface of the facility. For more information, call the IAA Shreveport branch at 318-938-5108, or go to IAA's branch Information page at www.iaai.com.

The 7,500 square foot, 20 acre Fargo facility is located at 4401 37th St. N in Fargo, ND. This facility more than doubles IAA's capacity from its previous site shared with sister company, ADESA to allow for continued growth in the market. The new facility was constructed using recycled asphalt millings for the surfacing and features an indoor vehicle inspection area which maintains IAA's ability to provide excellent service to customers in seasonal weather. For more information, call the IAA Fargo branch at 701-492-4501, or go to IAA's branch Information page at www.iaai.com.

Preview and auction times vary for each facility. For more information, 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.

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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