DDI Technology (DDI), the automotive title management and technology firm and a subsidiary of IAA, Inc. (NYSE: IAA) announced the opening of the company’s new 16,500 sq. ft. corporate offices just in Irmo, S.C. outside of Columbia. The new, more modern facility will provide needed additional space for growth and future expansion. “The new office […]
IAA Names Andrew Albrecht as Chief Information Security Officer
IAA, Inc. (NYSE: IAA) announced the appointment of Andrew Albrecht as Vice President and Chief Information Security Officer. Albrecht will report directly to Maju Abraham, Senior Vice President and Chief Information Officer. “We are pleased to welcome Andrew to the IAA Team,” said Maju Abraham, Senior Vice President & Chief Information Officer of IAA. “Andrew […]
IAA Announces Second Quarter Revenue Declined 19% to $297 Million on Impact from COVID-19 on Volume
IAA, Inc. (NYSE: IAA) announced its financial results for the second quarter of fiscal 2020, which ended June 28. John Kett, Chief Executive Officer and President, stated, “As expected, our second quarter results were materially impacted by COVID-19 and the sharp drop in miles driven and associated assignments in the quarter. Since late April, we […]
Tony Core Named Director of Sales & Marketing at IAA UK
IAA, Inc. (NYSE: IAA) announced Tony Core has joined IAA as UK Director of Sales & Marketing, reporting to Steve Hankins, UK Managing Director for IAA. Core has more than fifteen years’ industry experience and joins IAA from Chief Rentals, the leading provider of niche and specialist vehicle hire to the UK insurance industry. During […]
UK-based HBC Vehicle Services Rebrands to IAA
IAA, Inc. (NYSE:IAA) announced that its UK-based business unit HBC Vehicle Services has rebranded as part of the global IAA brand. “Our in-country focused business model successfully leverages the resources of IAA while investing in the infrastructure, leadership and service delivery for the local market,” stated Terry Daniels, Senior Vice President of Global Operations for […]
IAA Expands Branches in Alabama, Florida, Montana and New York State
IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, today announced branch capacity expansions across four key markets in Miami, Fla., Long Island, N.Y., Birmingham Ala. and Missoula, Mont. These expansions increase storage inventory by more than fifty percent total acres across the four branches. “These expansions provide much-needed capacity […]
IAA Announces Five Branch Relocations and Expansions
IAA, Inc. (NYSE:IAA) announced branch relocations and expansions in five key markets in California, Texas, New Jersey, Virginia, and South Dakota. The five locations now provide significantly more inventory storage in addition to updated branch facilities. “We strive to ensure that our extensive facility footprint is consistently meeting the needs of our buying and selling […]
IAA Launches New Merchandising Platform in the U.S.
IAA, Inc. (NYSE:IAA) announced the introduction of IAA Interact, a comprehensive merchandising platform combining imagery, information and personalization that engages buyers with detailed vehicle information while driving a more competitive bidding environment and higher proceeds for sellers. The platform was designed using extensive e-commerce merchandising research to drive increased online bidding and buying. The platform […]
IAA Reports Revenue Up 2.6% in First Quarter
IAA, Inc. (NYSE:IAA) reported consolidated revenues increased 2.6% to $366.6 million from $357.2 million in the first quarter of fiscal 2019 that ended March 29. First quarter revenue includes $2.4 million of revenue from DDI, which was acquired on July 31, 2019. Foreign currency movements had a negative impact of $0.4 million on revenue for […]
IAA Partners with NASCAR to Expand Capacity for Catastrophe Services
IAA, Inc. (NYSE: IAA) and NASCAR Enterprises, LLC., announced an exclusive agreement that further increases IAA’s catastrophe capacity footprint by enabling the vehicle auction firm to leverage NASCAR facilities for total loss vehicle storage after a catastrophe.. The agreement expands an already long-term relationship between the two organizations. In addition to the company’s other catastrophe […]