Insurance Auto Auctions: The facts

Insurance Auto Auctions Inc. offers salvage processing and marketing solutions to insurance firms and other auto suppliers in the US. IAA offers auction solutions for the effective disposal of recovered stolen vehicles, wrecked vehicles, and other salvage automobiles generally on a consignment arrangement or purchase method. This article will provide facts on IAA.

Company overview and history

What is IAA? Insurance Auto Auctions, Inc. (IAA) offers the advantage in salvage car auctions with their
multi-layered auction approach mixing live-online and online auctions. They also have outstanding customer service, extensive product offerings and Northern America’s widest salvage auction facility footprint. IAA’s more than 150 company-owned facilities in Canada and the US offer car buyers and suppliers, with effective solutions to process and manage the selling of fleet lease, recovered theft, rental, donation and total loss vehicles. History Since the company's inception in 1982, Insurance Auto Auctions have been among the leaders in the salvage vehicle auction business, working to guarantee the finest value to customers and returns to sellers. Each year in the US, there are more than 3.5 million vehicles, which are regarded as total-losses. Since 1997, this figure has risen significantly, for the most part, due to auto manufacturing modifications and advances such as air bags. Working together with an assortment of sellers that includes car dealerships, insurance corporations, auto fleet lease companies and rental car companies, IAA endeavours to facilitate the sale of vehicles deemed total losses. With their far-reaching network of auction venues, and hybrid auction approach, cars are sold quickly at attractive prices.

Services

IAA offers an assortment of solutions and services to assist both vehicle sellers and buyers achieve the best possible value from each and every auction. Buyers Their services are designed to ensure that the buyer's experience in auctions remain fruitful and lucrative. Sellers IAA offers financial institutions, car rental companies, insurers, and other private auto sellers with a wide assortment of services designed to significantly cut down the cycle time of selling or disposing an automobile. At the same time, this will maximise their chances of securing some of the most attractive return on their assets. IAA specialises in the development of effective, custom-designed solutions for even the most exact vehicle re-marketing prerequisites. Vendors Export and/or transportation vendors can subscribe their company in IAA's service directory.