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IAA Acquires Auto Exchange

June 21, 2021 By CollisionWeek Editor

IAA logo

Expands company’s footprint in New Jersey market. IAA, Inc. (NYSE: IAA) announced today that it has acquired the entirety of the assets of Marisat, Inc. that does business as Auto Exchange, a salvage recovery industry leader in New Jersey.  IAA will operate the business of Auto Exchange going forward.  Financial terms of the transaction were […]

Filed Under: News Tagged With: Acquisitions, Insurance Auto Auctions, New Jersey

Peg Burr Named SVP of Product Management at IAA

June 2, 2021 By CollisionWeek Editor

IAA, Inc. (NYSE: IAA) has appointed Peg Burr as Senior Vice President of Product Management. Burr will leverage her extensive product strategy and management expertise to further the product leadership position that IAA has established in the industry. “We are excited to welcome Peg to the team,” said IAA CEO and President John Kett. “She has extensive […]

Filed Under: News Tagged With: Insurance Auto Auctions, People

IAA Delivery Service Expands in the UK

April 20, 2021 By CollisionWeek Editor

IAA, Inc. (NYSE: IAA) today announced that its UK-based business unit has expanded its vehicle delivery service for its buyers. Following several technology modernization investments, this expansion enables IAA to deliver vehicles anywhere on the UK mainland. Leveraging IAA’s expanded vehicle transporter fleet as well as the company’s INFORM Transportation Management System (TMS) software, buyers […]

Filed Under: News Tagged With: Insurance Auto Auctions, United Kingdom

IAA Relocates Fort Myers Branch

March 23, 2021 By CollisionWeek Editor

IAA, Inc. (NYSE: IAA) announced the relocation of its Fort Myers, Florida branch. One of 11 IAA branch facilities in the state, the new location includes increased capacity and innovation to support the large Florida market, an area which typically experiences frequent catastrophic weather events. “We continuously strive to make improvements that provide the best […]

Filed Under: News Tagged With: Florida, Insurance Auto Auctions, Openings

IAA Announces New Location in Kansas City

March 8, 2021 By CollisionWeek Editor

IAA, Inc. (NYSE:IAA) announced a new branch location in the growing Kansas City market. The Kansas City East location will be the second branch in the area and will help accommodate increased customer capacity needs. “The new location more than doubles our current footprint in the Kansas City area, providing much-needed capacity in this rapidly […]

Filed Under: News Tagged With: Insurance Auto Auctions, Missouri, Openings

IAA Expands in California and Massachusetts

December 18, 2020 By CollisionWeek Editor

IAA, Inc. (NYSE: IAA) announced it increased capacity at its IAA High Desert branch located in Hesperia, Calif. and the overall Boston, Massachusetts market. This investment will increase the IAA High Desert branch’s inventory space by more than 60 percent, adding capacity to the overall Los Angeles market. Additionally, the Boston market will see a […]

Filed Under: News Tagged With: California, Insurance Auto Auctions, Massachusetts, Openings

IAA Announces Third Quarter Revenue Down 5.4%

November 3, 2020 By CollisionWeek Editor

IAA, Inc. (NYSE: IAA) announced consolidated revenues decreased 5.4% to $338.0 million from $357.3 million in the third quarter of fiscal 2019 that ended September 27. Foreign currency movements had a positive impact of less than $0.1 million on revenue for the third quarter of fiscal 2020. Third quarter revenue through July 2020 includes $1.1 […]

Filed Under: News Tagged With: Earnings, Insurance Auto Auctions

Progressive’s Eighth Annual Keys to Progress Giveaway Marks 750 Vehicles Donated to Military Families

October 30, 2020 By CollisionWeek Editor

For the eighth consecutive year, Progressive Insurance will continue its annual Keys to Progress vehicle donation on November 5. In advance of Veterans Day, 45 veterans in need across the country and their families will receive the keys to vehicles that will provide reliable transportation, helping them get back on the road and move forward […]

Filed Under: News Tagged With: Enterprise Rent-A-Car, Insurance Auto Auctions, Progressive Insurance, Recycled Rides

IAA Breaks Ground on New Locations in Colorado, Florida and New Jersey

October 29, 2020 By CollisionWeek Editor

IAA, Inc. (NYSE: IAA) announced breaking ground for three new branch locations in Colorado Springs, Colo., West Palm Beach, Fla. and Port Murray, N.J. These real estate investments will expand IAA’s footprint count across the three states to 21 locations. The new West Palm Beach and Port Murray locations will also strategically enhance IAA’s ability […]

Filed Under: News Tagged With: Colorado, Florida, Insurance Auto Auctions, New Jersey, Openings

IAA Expands Branches in Maryland and Virginia

October 23, 2020 By CollisionWeek Editor

IAA, Inc. (NYSE: IAA) announced the expansion of its Baltimore, Md. and Culpeper, Va. branch locations. The additional acreage at these two locations will accommodate strong customer demand and increased inventory needs for the growing East Coast market. These expansions will increase the capacity of the 60 branches in this market.  “Fueled by our industry […]

Filed Under: News Tagged With: Insurance Auto Auctions, Maryland, Openings, Virginia

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