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Insurance Auto Auctions Opens Facility in Davenport

Jun 23

Written by: Bekz
6/23/2010 8:14 AM 

Insurance Auto Auctions, Inc., the leading hybrid model salvage auto auction company and a wholly owned subsidiary of KAR Auction Services, Inc. (NYSE: KAR), today announced the opening of its Davenport, Iowa facility. This is a strategic location in IAA’s Midwest region with the ability to enhance IAA’s services in the Quad Cities area as well as northwestern Illinois and eastern Iowa. This marks the 23rd location in IAA’s Midwest region. The first auction is set to take place on Monday, June 28, 2010.

“We continue to open branch locations that make good business sense for our customers to sell, bid-on, and buy salvage vehicles either in-person, or live on-line,” said Tom O’Brien, CEO. “We continue to expand our facility coverage lead in the industry, providing more cost effective options for our buyers. As part of our ongoing service-driven strategy, our new Davenport facility will enable us to further reduce transportation costs and cycle times for our vehicle provider customers as well.” O’Brien stated.

IAA’s mature global buyer base, which consists of automotive body shops, rebuilders, used car dealers, automotive wholesalers, exporters, dismantlers, recyclers, brokers, and where allowed, non-licensed (public) buyers, now have even more choices when it comes to the number of salvage vehicles to bid on and buy. IAA auction preview dates and times vary from facility to facility. For more information, go to IAA’s Branch Information page at iaai.com.

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