Press Release

KAR Business Units Support Progressive’s Annual Keys to Progress® Event Honoring America’s Veterans

Published November 7, 2017 - Written by KAR Auction Services


CARMEL, Ind. – Nov. 7, 2017 – A reliable vehicle can mean independence and easier access to work, medical care and educational opportunities for our nation’s veterans – especially for those who live in rural areas with limited public transportation. That’s why KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions provider, and its business units Insurance Auto Auctions, Inc. (IAA) and Preferred Warranties, Inc. (PWI) have teamed up with Progressive in support of its fifth annual Keys to Progress® event.

Every November in honor of Veterans Day, Progressive and its partners host a one-day vehicle giveaway event for veterans. This year, IAA will donate nine vehicles to veterans honored during the event on Nov. 9, 2017. PWI will provide one-year service contracts for most of the more than 100 vehicles donated to veterans at the event.

The Keys to Progress® event takes place at 68 locations across the country including Progressive Service Centers, one-stop facilities where Progressive handles claims and coordinates repairs for customers. At each of the locations, veterans and their families will be presented with keys to their vehicle. Since 2013, Keys to Progress® has donated more than 500 vehicles collectively to deserving veterans, their families and veterans’ organizations.

“Progressive’s Keys to Progress® program is an opportunity for the broader automotive claims industry to come together and support those who have selflessly served our nation,” said John Kett, CEO and president of IAA. “IAA is proud to continue its collaboration with Progressive and help provide transportation support to our military men and women.”

PWI’s one-year vehicle service contracts give the veterans and their families peace of mind knowing their donated vehicle is protected.

IAA will be donating vehicles in the following Progressive locations:

  • 300 N. Commons Blvd., Mayfield Village, Ohio

  • 1410 NW 78th Ave., Miami, Fla.

  • 4030 Crescent Park Dr., Riverview, Fla.

  • 4415 American Way, Baton Rouge, La.

  • 6201 Broadway, Denver, Colo.

  • 2380 Maryland Rd., Willow Grove, Pa.

  • 40770 Mound Rd., Sterling Heights, Mich.

  • 1045 Wisterwood Dr., Houston, Texas

  • 4333 Trans World Park, Schiller Park, Ill.

For a complete list of Keys to Progress® event times and locations, please visit Progressive’s Keys to Progress® site.

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.