Insurance Auto Auctions Announces Grand Opening of a New Rochester Area Location
Published April 19, 2016 - Written by IAA, Inc.
WESTCHESTER, Ill., April 19, 2016 — 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, held a grand opening April 19 celebrating its newest branch in Bergen, New York. By demonstrating persistent growth in a developing area for IAA buyers and sellers, the opening continues to showcase IAA’s strong dedication to its customers.
“The new location will increase the company’s attendance in upstate New York by offering buyers and sellers the chance to obtain more inventory with greater convenience,” said John Kett, CEO and president, Insurance Auto Auctions, Inc. “In addition to ensuring better service for existing and future customers, purposefully expanding our presence in the region will expand the company’s growing footprint in the industry, with more than 170 locations in North America.”
The facility currently sits on ten acres with an additional ten acres available for expansion, giving IAA flexibility in delivering quality service to a higher volume of customers. The grand opening live and live-online auction will be held on Tuesday, April 19, 2016, where approximately 150 vehicles are expected to be sold.
“We’re happy to have the support of the local businesses and civic organizations in the town of Bergen and Genesee County,” said Jeanene O’Brien, vice president of global marketing, IAA, who attended the grand opening. “Our branch is looking forward to working closely with the community leaders and local businesses and contributing to the town’s economic growth.”
The branch is located at 7149 Apple Tree Avenue Bergen, NY 14416. Auctions will occur every Tuesday at 9:30 A.M. EST. For more information, call 585-494-2185 or go to IAA’s branch Information page at www.iaai.com. For a list of IAA’s 190+ locations in North America, visit our branch locations page.
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 our Interact Merchandising Platform, and the related 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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