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The Reno facility provides significant additional acreage of vehicle storage and will hold weekly auctions on Tuesdays. The new facility will decrease towing charges for vehicle providers in the targeted areas of eastern California and north-western Nevada. Buyers will have access to additional auctions and inventory each week through the industry's best performing auction model, IAA's hybrid design, which combines live physical auctions with live internet bidding.
"With each new facility we increase our service and commitment to our customers," stated Tom O'Brien, CEO. "The Reno facility provides additional coverage and convenience in addition to supporting IAA's goal of focused, customer-driven expansion."
ABOUT INSURANCE AUTO AUCTIONS
Insurance Auto Auctions, Inc. is leading the salvage auto auction industry in North America by providing the largest facility footprint, strongest buyer base and highest selling returns. IAA's exclusive focus on the salvage auto auction industry and 150 corporate owned facilities across the United States and Canada provides suppliers and buyers with the best solution to process and acquire total-loss, recovered-theft, fleet lease and rental vehicles. The company's hybrid auction model, including live, internet and proxy bidding, united with their mature buyer base and diverse inventory produce record setting returns. With over 25 years in the industry, IAA holds the most comprehensive warehouse of salvage auction data. For more information regarding IAA, please visit our website at www.iaai.com.
SOURCE: Insurance Auto Auctions, Inc.
Insurance Auto Auctions, Inc. John Kett Chief Financial Officer 708-492-7304 www.iaai.com
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