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SOURCE Insurance Auto Auctions, Inc.
WESTCHESTER, Ill., May 14, 2014 /PRNewswire/ -- 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, today announced they have opened a new branch in Tulsa, OK. This facility is essential to IAA's continued growth and expansive footprint of facilities across North America to provide buyers and sellers with more options.
"IAA continues to focus on providing the best selection and inventory in markets across North America and we now have more than 165 locations," said John Kett, CEO and president, Insurance Auto Auctions, Inc. "The opening in Tulsa supports our business growth in the region, improves resources across our facilities and offers buyers and sellers greater inventory and more convenience to experience our auctions."
IAA's new state of the art 32-acre facility in Tulsa is located at 5311 W 46th Street S and will utilize 17 acres with additional room for expansion including a second run and drive lane. The fully-functioning auction facility includes a 10,000 square foot building. Additionally, in keeping with IAA's environmentally responsible culture, recycled asphalt was used for the top surface of the outside vehicle storage area. The facility supports growing demand in Oklahoma and gives IAA the additional capacity to service customers in the Tulsa market, which accounts for a large percent of all sales in the state. The Tulsa facility hosted its official grand opening on May 6. For more information, call the IAA Tulsa branch at 918-445-4691, or go to IAA's branch Information page at www.iaai.com. Preview and auction times vary for each of IAA's facilities.
About Insurance Auto Auctions, Inc.
Insurance Auto Auctions is the leading live and live-online salvage vehicle auction company and a business unit of KAR Auction Services (NYSE: KAR). Headquartered in Westchester, Illinois, IAA has over 160 auction facilities throughout North America offering towing, financing and titling services. With the most auction facilities in North America, IAA provides registered buyers from around the globe with millions of opportunities to bid on and purchase donated and salvaged vehicles. Since 1982, IAA has sold millions of vehicles through its weekly auctions for insurance companies, fleet and rental companies, financing companies, charity organizations and the general public. IAA also leverages its business model to assist charitable organizations in the US through its One Car One Difference® campaign. To date IAA has provided millions of dollars in additional funding to charities by assisting in the processing of donated vehicles. Learn how we are making a difference by visiting www.1car1difference.com. With a talented team of over 2,000 employees, IAA is committed to providing customers with the highest level of services in the salvage auto industry. Go to www.IAA-Auctions.com to learn more, and follow IAA on Facebook and Twitter.
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