Press Release

Impact Auto Auctions Enhances Industry-Leading Online Auction Platform

Published June 5, 2019 - Written by IAA, Inc


Mississauga, ON, – June 5, 2019 – Impact Auto Auctions Ltd., a subsidiary of Insurance Auto Auctions (IAA) and a business unit of KAR Auction Services Inc. (NYSE: KAR), announces new features to Impact AuctionNow™ its online vehicle auction platform. The redesigned interface offers buyers the ability to create their own customizable, unique bidding experience, resulting in convenience and data that make purchasing a vehicle easier.

Enhanced features include:

  • New auction viewing options

    Buyers can now view and participate in unlimited number of auctions on the same page view, while using enhanced filters to find vehicles quickly.

  • New bidding features

    Buyers can now bid with a single click with the new ‘jump bid’ option. Buyers can also now set-up an ‘auto-bid’ function for a vehicle before it goes on the block or queue future bids so they never miss a buying opportunity.

  • Enhanced auction reminders 

    Buyers will never miss another auction with the ‘follow auction’ button. Reminders help buyers better manage their time and ensure they can bid on the inventory they need most.

Impact AuctionNow™ was designed to meet the unique needs and buying preferences of all our buyers,” said Blair Earle, managing director at Impact. “It is a one-of a kind platform in the industry that includes value-added features to reduce buying cycle times. We can now cater to our high-volume buying participants as well as those simply looking for a unique vehicle.”

Impact Auto Auctions is the leading Canadian salvage auto auction with the largest facility footprint, serving the automotive total-loss industry with more than 14 facilities across Canada. Impact Auto Auctions provides a marketplace for the sale and purchase of high-mileage, aged or damaged insurance, rental, fleet, lease, finance, dealer, manufacturer and charity vehicles.

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.

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