CEO says firm advancing proposed spin-off of Insurance Auto Auctions. KAR Auction Services, Inc. (NYSE: KAR) reported its first quarter revenue of $1.0468 billion as compared with revenue of $950.5 million for the first quarter of 2018, an increase of 10 percent. Net income for the first quarter of 2019, ended March 31, decreased 14 […]
Vance Johnston Named Chief Financial Officer at Insurance Auto Auctions
Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE:KAR), announced the appointment of Vance Johnston as chief financial officer. Johnston will report to John Kett, chief executive officer and president. “We are excited to welcome Vance to the IAA team,” said John Kett, CEO and president of IAA. “Vance’s successful track […]
IAA Opens Fourth Location in South Carolina
Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services, Inc. (NYSE:KAR), announced the opening of its fourth location in South Carolina. The new location, IAA Lexington, augments the company’s footprint in South Carolina by 35 acres. “We remain diligent and consistent in making strategic investments to meet our customers’ needs and most […]
IAA Announces Branch Expansions in Five States
Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE:KAR), announced expansions at branches in five states. The expansions have added more than 110 acres to IAA’s footprint in Alabama, Arkansas, Minnesota, New York, and Texas to address sellers’ logistical needs and provide increased inventory options for buyers. “By anticipating our current […]
Insurance Auto Auctions Invests in Innovation Hub
Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE:KAR), announced its investment in an innovation hub at 1871, the largest technology incubator in North America, located in Chicago’s Merchandise Mart. IAA Engine House will serve as an ideation and development center where employees can collaborate with educators, investors, mentors, technologists, buyers […]
IAA Announces Open New Location in Flint, Michigan
Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE:KAR), announced the opening of its new facility in Flint, Mich. The new branch is IAA’s third location serving the northern Midwest market of Michigan. The site boasts a new state-of-the-art facility and its 18 acres allow for future expansion. “The new facility […]
IAA Expands Towing App Launch to Accelerate Catastrophe Response in the Carolinas and Virginia
Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services, Inc. (NYSE:KAR), announced the expanded launch of its IAA Tow App that uses data analytics and the latest mobile technology to streamline the dispatch and towing cycle of salvage vehicles. During natural disaster and catastrophic events, IAA recovers flood-damaged and total-loss vehicles on […]
IAA Adds North Tampa Branch in Florida
Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE: KAR), announced it completed construction of a new facility in Hudson, Fla., approximately 45 miles north of Tampa. The 40-acre branch, containing 9,000-square-foot of office space, is the 11th IAA facility in the state of Florida. “IAA is committed to continuously improving […]
IAA Opens New Facility in Wichita
Insurance Auto Auctions, Inc. (IAA), a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services (NYSE: KAR), announced the opening of its newly relocated and modernized Wichita, Kan. facility. The newly opened branch offers customers more than twice the storage of its previous location, expanded drop zones and an improved vehicle […]
Insurance Auto Auctions Adds Locations in Fort Worth, Des Moines
On Tuesday, May 22, IAA celebrated the grand opening of its Fort Worth North facility, located in Justin, Texas with the Denton County Chamber of Commerce as well as several local officials, business, buyer and clients. The new location is company’s largest facility in North America including over 200 acres of vehicle capacity and 18,000 […]