Impact Auto Auctions Opens Canada’s Largest Auto Salvage Auction in Edmonton
Published October 3, 2016 - Written by IAA, Inc.
Edmonton, AB (October 3, 2016) – Impact Auto Auctions Ltd., a subsidiary of Insurance Auto Auctions (IAA) and a business unit of KAR Auction Services (NYSE: KAR), today welcomed more than 250 auto industry professionals and local dignitaries at the grand opening of its new Edmonton auto salvage auction facility. Located at 26419 Twp. Road 525A in Acheson, Alberta, the facility, which features 47 acres of vehicle storage, and a 12,500 square foot office, auction and inspection building, is the largest of its kind in Canada.
“Today we continue our expansion in northern Alberta with the official opening of our largest facility to date,” said Terry Daniels, Impact’s Managing Director. “We are extremely excited about delivering an enhanced service experience to our customers in this market, and look forward to continuing our support of the Greater Edmonton business community and our local community partners for many years to come.”
Designed with an elevated customer experience in mind, Impact Edmonton features a large buyer reception and service area, a series of dedicated appraisal offices, and Impact’s dual auction lane configuration which saves buyers time by enabling them to safely view multiple auction vehicles at once. The new site also increases the company’s vehicle capacity in the market by 50 percent, enabling Impact to consolidate its Greater Edmonton operations into a single facility.
“On behalf of Parkland County Council, we are pleased to welcome Impact Auto Auctions to Acheson,” said Mayor Rod Shaigec. “Acheson is a growing industrial hub just west of Edmonton and home to a variety of growing businesses. We’re looking forward to building a great relationship with Impact and working together to enhance the local economy.”
Supporting local communities is a priority for Impact and as part of the grand opening celebrations, Impact donated $10,000 to the local Canadian Red Cross which continues to support families and individuals recovering from the Fort McMurray wildfires. Over the summer, Impact employees also worked with local authorities to remove more than 1,000 vehicles in the region, an essential first step in beginning the cleanup and rebuilding effort in the community.
SVP, Global Marketing and Communications
About IAA, Inc.
IAA, Inc. (NYSE: IAA) is a leading global digital marketplace connecting vehicle buyers and sellers. Leveraging leading-edge technology and focusing on innovation, IAA’s unique multi-channel platform processes approximately 2.5 million total-loss, damaged and low-value vehicles annually. Headquartered near Chicago in Westchester, Illinois, IAA has nearly 4,000 talented employees and more than 200 facilities throughout the U.S., Canada and the United Kingdom. IAA serves a rapidly growing global buyer base – located throughout over 135 countries – and a full spectrum of sellers, including insurers, dealerships, fleet lease and rental car companies, and charitable organizations. Buyers have access to innovative vehicle merchandising, efficient evaluation services and digital bidding tools, enhancing the overall purchasing experience. IAA offers sellers a comprehensive suite of services aimed at maximizing vehicle value, reducing administrative costs, shortening selling cycle time and delivering the highest economic returns.
Certain statements contained in this release include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, statements made that are not historical facts may be forward-looking statements and can be identified by words such as “should,” “may,” “will,” “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” and similar expressions. In this release, such forward-looking statements include statements regarding the expected timing and associated benefits of CSAToday, and the related services, products and platforms discussed in this release. Such statements are based on management’s current expectations, 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. These risks and uncertainties include: uncertainties regarding the impact of the COVID-19 outbreak, and measures to prevent its spread, on our business and the economy generally; the loss of one or more significant suppliers or a reduction in significant volume from such suppliers; our ability to meet or exceed customers’ demand and expectations; significant current competition and the introduction of new competitors or other disruptive entrants in our industry; the risk that our facilities lack the capacity to accept additional vehicles and our ability to obtain land or renew/enter into new leases at commercially reasonable rates; our ability to effectively maintain or update information and technology systems; our ability to implement and maintain measures to protect against cyberattacks and comply with applicable privacy and data security requirements; our ability to successfully implement our business strategies or realize expected cost savings and revenue enhancements, including from our margin expansion program; business development activities, including acquisitions and integration of acquired businesses; our expansion into markets outside the U.S. and the operational, competitive and regulatory risks facing our non-U.S. based operations; our reliance on subhaulers and trucking fleet operations; changes in used-vehicle prices and the volume of damaged and total loss vehicles we purchase; economic conditions, including fuel prices, commodity prices, foreign exchange rates and interest rate fluctuations; trends in new- and used-vehicle sales and incentives; and other risks and uncertainties identified in our filings with the Securities and Exchange Commission (the “SEC”), including under "Risk Factors" in our Form 10-K for the year ended December 29, 2019 filed with the SEC on March 18, 2020. Additional information regarding risks and uncertainties will also be contained in subsequent annual and quarterly reports we file with the SEC. The forward-looking statements included in this release are made as of the date hereof, and we undertake no obligation to publicly update or revise any forward-looking statement to reflect new information or events, except as required by law.
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