Third IAA Location Across Oregon Will Address Increasing
Customer Inventory Needs
WESTCHESTER, Ill., June 7, 2017 /CNW/ --- Insurance Auto Auctions,
Inc. (IAA), a business unit of KAR Auction Services (NYSE: KAR),
and the leading live and live-online salvage auto auction company
announced today the grand opening of IAA Portland West, its newest
branch in Portland, Ore. This
marks IAA's third facility in the state, with additional branches
in Portland and Eugene. This new facility expands the overall
capacity needed for this marketplace by nearly fifteen percent.
"Increasing our presence in this growing market demonstrates
IAA's commitment to meet the expanding inventory needs of our
buyers and sellers." said John Kett,
CEO and president, Insurance Auto Auctions, Inc. "We continuously
evaluate opportunities in strategic locations and add resources and
capacity where it best serves our customers."
As part of IAA's continued commitment to better serving its
buyers, the state-of-the-art facility includes large indoor bay
space to accommodate the area's frequent inclement weather. The
facility also provides additional acreage and storage space in
anticipation of acute inventory increases due to severe weather
events.
"We are very pleased to be part of Portland's continued growth," said
Carrie Preisinger, Portland West
Branch Manager, IAA. "Our branch is looking forward to advancing
the city's economic development and working alongside other
businesses to positively impact the community."
IAA Portland West is located at 10498 N Vancouver Way
Portland, Ore. 97217. Weekly
auctions will be held every Tuesday at 9:00
am. Learn more at IAA's branch Information page. For a list
of IAA's 170+ locations in North
America, please visit www.iaai.com/locations.
For four decades, IAA has been dedicated to meeting and
exceeding the needs of its global clients and giving back to the
communities in which it operates. This philosophy of giving
provides IAA's more than 2,800 team members with opportunities to
volunteer, mentor and financially support multiple global,
national, and local charitable causes. This commitment is also
reflected in IAA's National Vehicle Donation division that, since
1994, has assisted not-for-profit organizations monetize donated
vehicles to fund and support their missions.
IAA Contacts
Media Inquiries:
Jeanene O'Brien
(708) 492-7328
Jobrien@IAAI.com
KAR Contacts
Media Inquiries:
Tobin Richer
(317) 249-4521
Tobin.richer@karauctionservices.com
About Insurance Auto Auctions, Inc.
Insurance Auto
Auctions (IAA)'s unique live and live-online salvage vehicle
auction platform is part of an end-to-end remarketing solution
providing global buyers opportunities to bid on and purchase total
loss, donated, higher mileage, and clean-title vehicles. IAA is a
business unit of KAR Auction Services (NYSE: KAR), a FORTUNE 1000
global auto remarketing and technology services company. Utilizing
cutting-edge technology, IAA's model enables insurance companies,
fleet and rental companies, banks, and the general public to
simultaneously participate in multiple auctions online and
in-person. Headquartered in Westchester,
Illinois, IAA has over 2,800 employees and more than 170
facilities across the U.S. and Canada. www.iaa-auctions.com.
About KAR Auction Services
KAR Auction Services (NYSE:
KAR) provides sellers and buyers across the global wholesale
used-vehicle industry with innovative, technology-driven
remarketing solutions. KAR's unique end-to-end platform supports
whole car, salvage, financing, logistics and other ancillary and
related services, including the sale of more than 5 million units
valued at over $40 billion through
our auctions. Our integrated physical, online and mobile
marketplaces reduce risk, improve transparency and streamline
transactions for customers in 110 countries. Headquartered in
Carmel, Indiana, KAR has
approximately 17,400 employees across the
United States, Canada,
Mexico and the United Kingdom.
www.karauctionservices.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/iaa-announces-grand-opening-of-new-portland-area-branch-300470283.html
SOURCE Insurance Auto Auctions, Inc.