WESTCHESTER, Ill., April 12, 2017 – Insurance Auto Auctions, Inc. (IAA) today announced the launch of IAA Fast Search™, the salvage vehicle industry’s most comprehensive search tool. With over 30 vehicle search and filter options, IAA Fast Search™ provides vehicle buyers with a smart, mobile-friendly tool that delivers more efficient and more accurate search results. The innovative Fast Search functionality complements the recently announced enhancements to IAA’s Vehicle Details™ feature on IAAI.com. Together, these launches help advance IAA’s strategy to deliver increased customer value through technology and innovation.

“IAA is committed to continuously improving and simplifying the buyer experience,” said John Kett, CEO and president of IAA. “Fast Search reduces the time-intensive task of sourcing specific vehicles by enabling buyers to search with both speed and precision. This ultimately helps them bid and buy with greater knowledge, confidence and convenience.”

Additional functionality of the Fast Search technology, which is available on desktop and mobile devices, allows buyers to recall previous searches and quickly pick up where they left off. Buyers can also easily add or remove filters, such as odometer reading, vehicle type or loss type, to refine or expand results at any point during a search.

“We know time and efficiency are highly valued commodities for our buyers,” said Jeanene O’Brien, senior vice president of global marketing. “So we built them a comprehensive and intuitive search tool to help them make better informed decisions more quickly. Fast Search and our growing suite of customer tools, resources and technology help IAA deliver an unmatched buying experience.”

As an industry leader in technology and innovation, IAA has announced 27 new tools and enhancements since January 2010 that anticipate and address the needs of salvage buyers and sellers. The company was the first to invest beyond the physical auction and provide sellers with technology solutions that decrease cycle time, increase customer satisfaction and help manage costs. In 2010, IAA introduced CSAToday®, the salvage industry’s first mobile seller vehicle inventory management tool, followed by the 2011 release of the first live bidding app for Apple and Android. In 2013, IAA’s Market Value™ tool became the first salvage vehicle value tool app released for iPhones. In 2015, IAA released the IAA Total Loss Solutions® suite of products, which has since been supplemented with seven additional customer tools and enhancements. Last month, the company launched its enhanced IAA Vehicle Details™ page, which provides buyers instant access to an industry-leading 320 VIN attributes on any vehicle.

To become an IAA buyer today, go to: https://www.iaai.com/Registration/Free.

To view the new Fast Search tool, go to: https://www.iaai.com/Search.

Media Inquiries:

Jeanene O’Brien SVP, Global Marketing and Communications

(708) 492-7328

jobrien@iaai.com

Analyst Inquiries:

Caitlin Churchill

ICR

(203) 682-8200

investors@iaai.com

About IAA, Inc.

IAA, Inc. (NYSE: IAA) is a leading global marketplace connecting vehicle buyers and sellers. Leveraging leading-edge technology and focusing on innovation, IAA’s unique multi-channel platform processes more than 2.5 million vehicles annually. Headquartered near Chicago, IL, IAA has over 3,600 talented employees and over 190 facilities throughout the US, Canada and the United Kingdom. IAA provides a broad range of services to insurers, fleet and rental companies, rebuilders, charity organizations and financing companies that dramatically reduce the cycle time of selling a vehicle with a focus on delivering the highest economic returns. Buyers have access to the industry’s most-innovative vehicle evaluation and digital bidding tools, enhancing the overall purchasing experience.


Uncertainties Affecting Forward-Looking Statements

Certain statements contained in this release include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and which are subject to certain risks, trends and uncertainties. In particular, statements made that are not historical facts may be forward-looking statements. Words such as “should,” “may,” “will,” “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” and similar expressions identify forward-looking statements. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the results projected, expressed or implied by these forward-looking statements. Such forward-looking statements include the statements regarding IAA’s future financial and operating performance, benefits and synergies of the separation, strategic and competitive advantages, future opportunities and any other statements regarding events or developments that IAA believes or anticipates will or may occur in the future. We disclaim any obligation or undertaking to update any forward-looking statements. For further discussion of such risks and uncertainties, see “Information Statement Summary,” “Risk Factors” and “Cautionary Statement Concerning Forward-Looking Statements” in the information statement filed as an exhibit to IAA’s Registration Statement on Form 10, as amended.