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You are here: Home / Archives for Insurance Auto Auctions

IAA Opens New Location in Los Angeles Market

October 6, 2020 By CollisionWeek Editor

IAA, Inc. (NYSE: IAA) announced a new branch location in the Los Angeles, California market. Increasing IAA’s significant footprint in the area, this new location will serve the expanding needs of local selling clients.  “The new IAA Los Angeles South branch provides needed additional storage inventory space in this key market,” said Tim O’Day, President […]

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

DDI Technology Announces Office Move

September 2, 2020 By CollisionWeek Editor

DDI New Office

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 […]

Filed Under: News Tagged With: DDI Technology, Insurance Auto Auctions, Openings, South Carolina

IAA Names Andrew Albrecht as Chief Information Security Officer

August 26, 2020 By CollisionWeek Editor

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 […]

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

IAA Announces Second Quarter Revenue Declined 19% to $297 Million on Impact from COVID-19 on Volume

August 5, 2020 By CollisionWeek Editor

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 […]

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

Tony Core Named Director of Sales & Marketing at IAA UK

July 16, 2020 By CollisionWeek Editor

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 […]

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

UK-based HBC Vehicle Services Rebrands to IAA

June 25, 2020 By CollisionWeek Editor

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 […]

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

IAA Expands Branches in Alabama, Florida, Montana and New York State

June 18, 2020 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Alabama, Florida, Insurance Auto Auctions, Montana, New York State, Openings

IAA Announces Five Branch Relocations and Expansions

June 12, 2020 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: California, Insurance Auto Auctions, New York State, Openings, South Dakota, Texas, Virginia

IAA Launches New Merchandising Platform in the U.S.

May 13, 2020 By CollisionWeek Editor

IAA Interact

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 […]

Filed Under: News Tagged With: Insurance Auto Auctions

IAA Reports Revenue Up 2.6% in First Quarter

May 7, 2020 By CollisionWeek Editor

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 […]

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

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