WESTCHESTER, Ill., June 13, 2019 /PRNewswire/ -- Insurance Auto
Auctions Inc. (IAA), a business unit of global vehicle remarketing
and technology solutions provider KAR Auction Services Inc. (NYSE:
KAR), announces the opening of its third location in the Houston
metro area and the 17th branch in the state to accommodate
increased customer needs. The new location, IAA Houston South, is
approximately 35 miles from Houston and will strategically enhance
IAA's ability to serve the growing metropolitan area as well as the
hurricane-prone coastal Texas
areas.
"We continue to make strategic investments to meet our
customers' needs by creating a better marketplace to connect
sellers and buyers," said John Kett,
CEO and president of IAA. "Texas
is one of our largest markets. This new branch offers more than 125
acres of capacity and will help us serve the growing volume from
our customers, as well as provide support for potential
catastrophic weather events."
IAA Houston South will offer the
latest in vehicle auction technology, including a vehicle check-in
area designed for IAA 360 View™ imaging and IAA Inspection
Services™. The branch will also include a vehicle inspection center
(VIC) space for insurance clients. The new lobby and conference
rooms provide customers and employees with ample meeting and
training space.
So far this year, in addition to this new Houston South branch, IAA has made significant
land investments across the country, with over 11 facility
expansions totaling approximately 300 acres, and opened a new
facility in Lexington, South
Carolina.
KAR
Contacts
|
|
Media
Inquiries:
|
Analyst
Inquiries:
|
Gene Rodriguez
Miller
|
Mike
Eliason
|
(317)
343-5243
|
(317)
249-4559
|
gene.rodriguez@karauctionservices.com
|
mike.eliason@karauctionservices.com
|
About KAR Auction Services
KAR Auction Services (NYSE: KAR) provides sellers and buyers
across the global wholesale used vehicle industry with innovative,
technology-driven remarketing solutions. KAR's unique end-to-end
platform supports whole car, salvage, financing, logistics and
other ancillary and related services, including the sale of
approximately six million units valued at over $40 billion through our auctions. Our integrated
physical, online and mobile marketplaces reduce risk, improve
transparency and streamline transactions for customers in more than
130 countries. Headquartered in Carmel,
Ind., KAR has 18,000 employees across the United States, Canada, Mexico and Europe. For more information go to
www.karauctionservices.com. For the latest KAR news follow us on
Twitter @KARspeaks.
About Insurance Auto Auctions, Inc.
Insurance Auto Auctions is the leading live and live-online
salvage vehicle auction company and a business unit of KAR Auction
Services (NYSE: KAR). Headquartered in Westchester, Illinois, IAA has over 180
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. With a talented team of over 3,600
employees, IAA is committed to providing customers with the highest
level of services in the industry. Go
to www.IAA-Auctions.com to learn more, and follow IAA
on Facebook and Twitter.
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SOURCE Insurance Auto Auctions, Inc.