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 […]
IAA Reports Revenue Up 6.2% in Fourth Quarter and Full Year Fiscal 2019 Financial Results
IAA, Inc. (NYSE: IAA) reported its revenue increased 6.2% to $355.9 million in the fourth quarter of 2019 ended December 29, up from $335.2 million in the fourth quarter of fiscal 2018. Fourth quarter revenue includes $2.4 million of revenue from DDI, which was acquired on July 31, 2019. Foreign currency movements had a negative impact […]
IAA and Snapsheet Announce Total Loss Process Automation Partnership
IAA, Inc. (NYSE:IAA) and Snapsheet announced an integrated partnership combining IAA’s total loss claims and salvage solutions with Snapsheet’s configurable claims management platform to create one seamless solution from first notice of loss to sale at auction. The combined offering will reduce the time it takes insurance carriers to process claims for total loss vehicles. […]
IAA’s Michael Ortega to Present During March 17 CIECA Webinar
The Collision Industry Electronic Commerce Association (CIECA) announced that its next CIECAst technical webinar will feature Michael Ortega, senior director of Application Development at IAA. Ortega’s presentation, The Key to Collaboration: Combining Technology and Communication, will be held on Tuesday, March 17, at noon (EDT). All industry segments, including CIECA members and non-members, are invited […]
IAA Relocates and Expands Baton Rouge Branch
IAA, Inc. (NYSE:IAA) announced the relocation of its Baton Rouge, La. Branch, increasing its capacity by approximately 60 percent. The new facility is located at 5978 Hwy 75 in Carville. “This relocation of our Baton Rouge facility brings additional capacity to the Gulf of Mexico region, an area where catastrophic weather events occur regularly,” said […]
IAA Reports Revenue Up Over 11% in Third Quarter
IAA, Inc. (NYSE:IAA) announced consolidated revenues increased 11.3% to $357.3 million results for the third quarter of fiscal 2019, which ended September 29, up from $321.1 million in the third quarter of fiscal 2018. John Kett, Chief Executive Officer and President, stated, “We are pleased with our third quarter top and bottom line performance. Our […]
Progressive’s Keys to Progress Event Provides Vehicles to More than 100 Military Families
Partnership with National Auto Body Council’s member collision repair shops and Recycled Rides program to honor veterans at more than 60 events across the U.S. on November 7 Just before Veterans Day, more than 100 veterans and their families will get keys to newly refurbished vehicles as part of Progressive’s seventh annual Keys to Progress […]
IAA Partners with SpinCar to Launch 360 View Virtual Imagery
IAA, Inc. (NYSE:IAA), announced the introduction of the salvage auction industry’s first 360° walk-around digital experience, IAA 360 View. Powered by SpinCar’s virtual photo imagery technology, IAA 360 View provides online vehicle buyers with a 360° viewing experience for both the vehicle exterior and interior. The technology was developed based on extensive buyer research coupled […]
IAA Expands Davenport, Iowa Branch Capacity
IAA, Inc. (NYSE:IAA) announces increased capacity of its Davenport, Iowa, branch. This investment increases the branch’s inventory space by more than 20 percent. The IAA Davenport branch is one of two IAA branches in Iowa. “This expansion provides additional space to meet market demand in this region,” said John Kett, Chief Executive Officer and President […]
IAA Opens New Location in Massachusetts
IAA, Inc. (NYSE: IAA) announced the opening of its Templeton, Mass. facility. With 55 acres of land, IAA Templeton is the company’s third branch in the Commonwealth and will support customer demand and inventory growth in both the state and across the New England region. “New England continues to be an important market for us,” […]
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