Many Exciting Happenings at IAA
IAA Loan Payoff™ with Loss Express™, and More
Published February 24, 2022 - Written by Steve Muscarello
2 min read
Steve Muscarello’s latest Client News looks at several exciting client-facing initiatives including enhancements to IAA Loan Payoff™, a new Perspectives article on electric vehicles, and the upcoming Industry Leadership Summit.
We've had an exciting start to 2022 and have some great information and details to share. I am pleased to highlight some of the many exciting client-facing initiatives happening within IAA:
Exciting Enhancements for IAA Loan Payoff™
We recently announced our strategic partnership with Fastlane to streamline total loss claims settlements using the integrated LossExpress™ functionality. This industry-exclusive partnership allowed IAA Loan Payoff™ to become the first platform in the salvage industry to reach near-full lender coverage for total loss claims.
I am excited to report this functionality has been successfully rolled out by two of our major carrier partners nationwide. Not only does IAA Loan Payoff save significant cycle time, it now has a markedly expanded number of transaction possibilities through its portal.
New White Paper Looks at EVs
We have just published a brand-new white paper titled Electric Vehicles (EVs) and Their Effect on the Vehicle Ecosystem. While EVs currently account for a small share of the global auto market, government mandates, consumer demand, and financial incentives such as tax credits may drive their market share to 40 percent of new sales by 2030.
19th Annual Industry Leadership Summit Set for Sea Island, GA
Finally, we are looking forward to IAA’s upcoming 19th Annual Industry Leadership Summit at The Cloister at Sea Island in Sea Island, Georgia, February 28-March 3.
We have again assembled a group of leading industry experts who will help us explore themes on innovation, inflection points and the vision forward within our industry. These experts, along with IAA leaders, will delve into topics of critical industry interest, including vehicle safety standards; supply chain demands caused by COVID-19; automation enhancements within the claims process; and the evolution of electric vehicles.
As always, stay healthy and safe. Thank you for your business. And we’ll see you next time!
Senior Vice President, Chief Commercial Officer, IAA