Articles from IAA, Inc.

DDI Technology (DDI), a leading automotive title management firm and a subsidiary of IAA Holdings, LLC (IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the launch of its electronic lien and title (ELT) services in Indiana. This is the 28th state to feature DDI ELT technology and solutions. DDI continues to lead the industry with its Premier eTitleLien® product for lenders and Premier EVR™ product for dealers.

IAA, Inc. (NYSEIAA) (“the Company”) today announced that its stockholders have adopted the previously announced merger agreement providing for the stock and cash acquisition of the Company by Ritchie Bros. Auctioneers Incorporated NYSE: RBANYSERBA)

IAA, Inc. (NYSEIAA) (“the Company”) today announced that proxy advisory firms Glass, Lewis & Co. (“Glass Lewis”) and Institutional Shareholder Services (“ISS”) recommend that IAA stockholders vote to adopt the merger agreement and thereby approve Ritchie Bros. Auctioneers Incorporated’s NYSE: RBANYSERBA)

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces that it has been certified by Great Place to Work® for the fifth consecutive year. The prestigious award is based entirely on what current employees say about their experience working at IAA. This year, 75% of employees said IAA is a great place to work – 18% higher than the average U.S. company.

IAA, Inc. (NYSEIAA) today announced its financial results for the fourth quarter and full year fiscal 2022, which ended January 1, 2023.

IAA, Inc. (NYSEIAA) today announced preliminary, unaudited financial results for the fourth quarter and full year fiscal 2022, which ended January 1, 2023.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces that IAA Loan Payoff exceeded $3 billion in total loss transactions in 2022. This exponential growth follows the tool’s 2021 record of $1.2 billion in loans and leases processed, bringing the grand total in transactions since its launch to $5 billion. Insurance carriers have praised the unrivaled advantages of the IAA Loan Payoff solution, bringing the industry closer to touchless digital transactions and helping optimize and streamline their workforce. IAA Loan Payoff is the only solution that offers direct digital integration and settlement with all major financial institutions for both positive and negative equity loans.

IAA, Inc. (NYSEIAA), a leading global marketplace connecting vehicle buyers and sellers, today announced that it intends to release its financial results for the fourth quarter and full year fiscal 2022 after market close on Tuesday, February 21, 2023.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces a strategic market alliance with Jumla Automotive Trading in the country of Qatar. Jumla will operate an IAA Auction Center in the city of Doha, helping local buyers in the region to research, bid, buy and transport vehicles from IAA auctions. As a new alliance, Jumla will leverage IAA’s state-of-the-art AuctionNow™ bidding platform to operate its auctions, increasing reach for sellers by integrating its inventory with IAAI.com.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the launch of undercarriage photo services within its Inspection Services® platform. This enhanced service, developed in collaboration with a variety of insurance customers, helps to greatly improve estimate accuracy by providing visibility into the condition of major components, such as the drivetrain, suspension, transmission, engine and more. Available for automobiles, light trucks and SUVs, this is also a critical enhancement for the inspection of electric vehicles (EVs), to better understand the condition of the battery or inspect for possible damages.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the opening of new branches in Minnesota and Maryland. IAA Minneapolis South (MN) is the second branch in Minnesota and provides significant inventory storage and updated facilities to serve the growing needs of the Twin Cities area. IAA Elkton (MD), the state’s fifth branch, supports growing demand in Baltimore and northern Maryland. Both locations offer state-of-the-art facilities that will support increased customer capacity needs.

DDI Technology (“DDI”) a leading electronic lien and title technology (ELT) firm and a subsidiary of IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the expansion of its electronic salvage processing products and services into Massachusetts. This expansion marks the seventh state to offer DDI Technology’s Premier EVR™ services.

IAA, Inc. (NYSEIAA) today announced its financial results for the third quarter of fiscal 2022, which ended October 2, 2022.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces that it has broken ground on a new branch in Northern California. IAA Stockton (CA) will help to provide much-needed capacity for the company’s customers throughout the Central Valley and Bay Area. This branch will be IAA’s 5th in the region and 13th in the state.

IAA, Inc. (NYSEIAA), a leading global marketplace connecting vehicle buyers and sellers, today announced that it intends to release its financial results for the third quarter of fiscal 2022 before market open and host a conference call at 9:00 a.m. Eastern Time on Thursday, November 10, 2022.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces that construction has been completed on a significant expansion to the IAA Phoenix (AZ) branch. This continued investment has increased IAA’s footprint in the Phoenix area by nearly 30%, helping to support growing customer demand.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces capacity growth in two important California regions. IAA Fresno (CA) has expanded again to meet growing demand in the key market of the San Joaquin Valley. Significant capacity has also been added to meet customer needs in the densely populated Los Angeles market with the IAA Santa Clarita (CA) branch growing by more than 75% and IAA Fontana (CA) expanding by 40% to provide additional capacity in the region.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces a strategic market alliance with Oversea Auto & Shipping in Cambodia. This business will operate an IAA Auction Center in the busy and densely populated capital city of Phnom Penh, providing local services and assistance to help buyers to purchase vehicles efficiently from IAA.

DDI Technology (“DDI”) a leading electronic lien and title technology firm and a subsidiary of IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the expansion of its electronic lien and title (ELT) services and Premier eTitleLien® product into the state of West Virginia. This is the 27th state, along with Washington DC, to feature DDI ELT technology and solutions.

DDI Technology (“DDI”) a leading electronic lien and title technology firm and a subsidiary of IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the grand opening of its newly expanded corporate offices in Irmo, South Carolina. Now with 35% more office space, the modern headquarters will accommodate over 200 people, satisfying DDI’s current needs and preparing it for future expansion.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces that it has expanded its service footprint of IAA Transport to include Mexico and Nigeria.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the opening of a state-of-the-art IAA Port Murray (NJ) branch. As its sixth branch in New Jersey, the Port Murray facility increases IAA’s capacity by more than 30% in the state. This follows several recent strategic investments that have more than doubled IAA’s capacity in New Jersey in the past five years.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces that non-branded, repairable IAA vehicles in Canada now include CARFAX Canada Vehicle History Reports. IAA’s Vehicle Details Page within the Auction Centre will now provide the most comprehensive vehicle history report available in Canada.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces a new branch located in West Palm Beach, Florida, bringing the total number of locations in the state to eleven and three in the market. The branch will provide increased coverage in South Florida and will assist in meeting the growing customer demand in the region.

IAA, Inc. (NYSEIAA) today announced its financial results for the second quarter of fiscal 2022, which ended July 3, 2022.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the opening of a state-of-the-art, full-service facility in Honolulu, Hawaii. This new location more than triples IAA’s capacity in the state, providing support to meet evolving client needs. IAA’s previous Honolulu location will be retained for overflow use and is also available for critical CAT situations as they arise.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the completion of the IAA Indianapolis South (IN) branch expansion and the start of construction on the new IAA Fort Wayne (IN) branch. These two investments will more than double IAA’s capacity in the state. The new Fort Wayne location will be IAA’s fourth branch in Indiana.

IAA, Inc. (NYSEIAA), a leading global marketplace connecting vehicle buyers and sellers, today announced that it intends to release its financial results for the second quarter of fiscal 2022 before market open and host a conference call at 9:00 a.m. Eastern Time on Tuesday, August 9, 2022.

IAA, Inc., (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, and its subsidiary, SYNETIQ, Ltd., announce the opening of a state-of-the-art, full-service facility in Bristol, located in the southwest region of the UK. The Bristol site will greatly increase the company’s capacity and enable it to meet the growing needs of current and new customers.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the expansions of the Crowley and Scott CAT yards near Lafayette (LA). These full-term conversions of CAT yards into permanent facilities support IAA’s long-term capacity strategy in this hurricane-prone region.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, today announced that its UK-based business unit is relocating and expanding its southern UK head office in order to meet the demands of both current and new customers. The current office, IAA House, will be retained as an expanded Customer Service centre.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, today announced that its UK-based business unit, SYNETIQ Ltd., has appointed its first Sustainability Manager, Elisa Caton, as it aims to ensure environmental awareness is embedded across all its operations. SYNETIQ has also now achieved ISO 50001 – the energy management accreditation which requires an ongoing, sustained improvement in energy efficiency and reduction in greenhouse gas emissions.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the launch of IAA Transport on its mobile application. IAA Transport’s desktop solution was introduced on IAAI.com in September 2021 and fully streamlining the vehicle transport process with a global branch-to-doorstep delivery solution.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces that it has been certified by Great Place to Work® for the fourth consecutive year. The prestigious award is based entirely on what current employees say about their experience working at IAA. This year, 77% of employees said IAA is a great place to work – 20% higher than the average U.S. company.

IAA, Inc. (NYSEIAA) today announced its financial results for the first quarter fiscal 2022, which ended April 3, 2022.

IAA, Inc. (NYSEIAA), a leading global marketplace connecting vehicle buyers and sellers, today announced that it has appointed Michael Sieger to its Board of Directors, effective immediately as of the conclusion of the Company’s 2022 annual meeting of stockholders. As a result of the appointment, IAA’s Board will expand to 10 directors, 9 of whom are independent. In addition, the IAA Board has formed an Operations Committee focused on driving operational performance.

IAA, Inc. (NYSEIAA), a leading global marketplace connecting vehicle buyers and sellers, today announced that it intends to release its financial results for the first quarter of fiscal 2022 before market open and host a conference call at 9:00 a.m. Eastern Time on Tuesday, May 10, 2022.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the expansion of the IAA Fresno (CA) branch. This investment increases the branch’s capacity by over 50% to support additional client needs in the area. The San Joaquin Valley is a key market, and this expansion further solidifies IAA’s commitment to its buyer and seller clients.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the expansion of branches in Iowa and Illinois. Capacity has doubled at the IAA Des Moines (IA) branch and IAA St. Louis (IL) has increased capacity by approximately 30%. The expansions will help to meet increased demand in the growing Midwestern market.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces a new market alliance agreement with Boacon Autos in the country of Ghana. A new IAA Auction Center there will complement the existing location in Lagos, Nigeria. Staff at these physical centers will help buyers learn about IAA and submit bids, as well as receive assistance with transportation, shipping, custom clearing services and more.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, today issued the following statement regarding the letter it received from Ancora Advisors (“Ancora”):

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces that it has expanded its market alliance network in El Salvador with Trans-Auto S.A. de C.V. This business will operate an IAA Auction Center in the center of the capital city, San Salvador. They will help buyers in the area register with IAA, bid on and pay for vehicles, transport, ship and clear vehicles into the country.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces that it has completed a branch expansion at IAA Fontana (CA) and has broken ground on a new branch to meet growing demand in Southern California. The new IAA Los Angeles North (CA) branch will offer state-of-the-art facilities to support increased customer capacity needs.

IAA, Inc. (NYSEIAA), a leading global marketplace connecting vehicle buyers and sellers, today announced its Canadian business unit, Impact Auto Auctions, has rebranded to the IAA global brand. The rebrand underscores IAA’s commitment to investment, innovation and customer excellence in the Canadian market. It also highlights the recent series of technology launches in the Canadian market, including the IAA Interact™ merchandising platform.

IAA, Inc. (NYSEIAA) today announced its financial results for the fourth quarter and full year fiscal 2021, which ended January 2, 2022.

IAA, Inc. (NYSEIAA), a leading global marketplace connecting vehicle buyers and sellers, today announced that it intends to release its financial results for the fourth quarter of fiscal 2021 before market open and host a conference call at 9:00 a.m. Eastern Time on Friday, February 11, 2022.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces that it has secured ground for the construction of a new full-service facility in Bristol, located in the southwest region of the United Kingdom. The additional capacity resulting from the new location will help to meet growing demand in the region.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces a new market alliance agreement with CAROMOTO in Kazakhstan, Kyrgyzstan and Russia. IAA Auction Centers are now open in Almaty and Pavlodar in Kazakhstan, Bishkek in Kyrgyzstan, and Moscow, where the company’s local Market Alliance partners will help buyers register with IAA, as well as bid, pay, transport, ship, import and repair vehicles.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces that its innovative merchandising platform, IAA Interact, has won top honours in the Insurance Times Awards 2021 Excellence in Technology – Service Provider (Motor) category. Winners were announced at the in-person award ceremony on Dec. 9, 2021, at London’s Grosvenor House Hotel.

DDI Technology (“DDI”) a leading electronic lien and title technology firm and a subsidiary of IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the expansion of its electronic title and registration product offering into the state of Wisconsin as a certified EVTR (Electronic Vehicle Title & Registration) provider to the Wisconsin Division of Motor Vehicles (WisDOT). As one of only two EVR service providers to be approved for the new Wisconsin APPS (Automated Processing Partnership System), this expansion makes Wisconsin the sixth state to offer DDI Technology’s Premier EVR™ services.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces a strategic industry partnership with Fastlane, a leading process automation technology company, to leverage its LossExpress™ solution, a secure industry-leading platform that connects insurers with the largest active lienholder network in the United States. As the exclusive salvage provider partner to Fastlane, IAA is now positioned to become the first salvage company in the industry to reach full lender coverage for total loss claims through its Loan Payoff tool.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces that it has joined the Department of Defense Military Spouse Employment Partnership (“MSEP”). In late October, IAA attended a virtual ceremony to be inducted along with 45 other new partners to MSEP – bringing the number of employers to 544.

IAA, Inc. (NYSEIAA) today announced its financial results for the third quarter of fiscal 2021, which ended September 26, 2021.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, has closed its previously announced acquisition of SYNETIQ Ltd. (“SYNETIQ”), a leading integrated salvage and vehicle dismantling company in the United Kingdom. IAA, Inc. acquired the stock of SYNETIQ through its indirect wholly owned subsidiary IAA International Holdings Limited.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announced it has signed an agreement to acquire the stock of SYNETIQ Ltd. (“SYNETIQ”), a leading integrated salvage and vehicle dismantling company in the United Kingdom, for £225 million. IAA, Inc. will acquire the stock of SYNETIQ through its indirect wholly owned subsidiary IAA International Holdings Limited.

IAA, Inc. (NYSEIAA), a leading global marketplace connecting vehicle buyers and sellers, today announced that it intends to release its financial results for the third quarter of fiscal 2021 before market open and host a conference call at 9:00 a.m. Eastern Time on Tuesday, November 2, 2021.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the launch of IAA Transport, which enables buyers to digitally order transportation for purchased vehicles at the time of checkout or post-payment.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces a new branch, located in Colorado Springs (CO), bringing the total number of branches in Colorado to four. The new branch will provide increased service in the southern part of the state. In addition, the company has relocated and expanded its IAA Lexington (SC) branch to meet growing demand in the area. Both locations offer state-of-the-art facilities that will support increased customer capacity needs.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces breaking ground on two new state-of-the-art branches in Maryland and New York, as well as an expansion in the Long Island, NY area. IAA Elkton (MD) will become the fifth branch in Maryland. IAA Monticello (NY) will support the Hudson Valley market as IAA’s seventh branch in the state. Additionally, the Long Island expansion will strategically enhance IAA’s ability to serve the needs of the catastrophe-prone East Coast.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces that effective September 1, 2021, Susan Healy will join the company as executive vice president and chief financial officer. Healy is a finance and Wall Street veteran with more than 25 years of experience driving growth and operational improvement at a number of highly respected, multinational companies. Healy will succeed Vance Johnston, who is leaving IAA to pursue other opportunities.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces that it has broken ground on the construction of two new state-of-the-art branches in Minnesota and Indiana. IAA Minneapolis South (MN) will become the second in Minnesota and will provide significant inventory storage and updated facilities to serve the growing needs of the Twin Cities area. IAA Indianapolis South (IN) will provide the same added support to the Indianapolis market as the third branch in Indiana.

IAA, Inc. (NYSEIAA) today announced its financial results for the second quarter of fiscal 2021, which ended June 27, 2021.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the enhancement of its Loan Payoff tool with the ability for insurance carriers to pay off leases from participating lenders.

IAA, Inc. (NYSEIAA), a leading global marketplace connecting vehicle buyers and sellers, today announced that it intends to release its financial results for the second quarter of fiscal 2021 before market open and host a conference call at 9:00 a.m. Eastern Time on Tuesday, August 3, 2021.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, today announced that its UK-based business unit has expanded its payment offerings through the addition of Payit by NatWest, a fast, safe and secure mobile transaction and digital payment solution. Using Payit, IAA buyers can make payments directly from their bank accounts for vehicles purchased.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces a strategic partnership with Marhaba Cars Auction located in the United Arab Emirates. Marhaba Cars Auction is a leading provider of online and in-person vehicle auctions and related shipping services. Marhaba Cars Auction will manage IAA’s Auction Center in the city of Sharjah, UAE, a major hub of the country’s repairable vehicle trade.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announced today that it has acquired the entirety of the assets of Marisat, Inc. d/b/a Auto Exchange, a provider of personal service and security in the salvage recovery industry, effectively taking over the business operations of Auto Exchange. IAA will operate the business of Auto Exchange going forward. Financial terms of the transaction were not disclosed.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces a strategic market alliance in Nigeria with Boacon Autos. As the company’s official partner in Nigeria, Boacon Autos will operate the local IAA Auction Center in the city of Lagos, the most populous Nigerian city.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, today announces an enhanced strategic agreement with Dealertrack to provide electronic registration and titling services in Ohio through facilitating the digital transfer of total loss titles. The agreement is announced as the global COVID-19 health crisis continues the acceleration of digitization efforts across the automotive industry, which faces yet another challenging year ahead due to the ongoing impacts of inventory shortages. These digital capabilities will be essential for dealerships to meet consumer expectations of completing more of the shopping experience online, as more than three quarters of today’s shoppers are open to the idea of buying a vehicle completely online.1 The enhanced capabilities offered by IAA and Dealertrack will connect consumers, dealerships, and insurers in Ohio for a more efficient, more profitable electronic total loss title processing experience.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, has appointed Peg Burr as Senior Vice President of Product Management. Burr will leverage her extensive product strategy and management expertise to further the product leadership position that IAA has established in the industry.

IAA, Inc. (NYSEIAA) today announced that the Company is scheduled to present at the Baird Global Consumer, Technology & Services Conference on Tuesday, June 8, 2021, at 9:40 am Eastern Time.

IAA, Inc. (NYSEIAA) today announced its financial results for the first quarter of fiscal 2021, which ended March 28, 2021.

IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, today announced that its UK-based business unit has expanded its vehicle delivery service for its buyers. Following several technology modernisation investments, this expansion enables IAA to deliver vehicles anywhere on the UK mainland.

Impact Auto Auctions Ltd., the Canadian subsidiary of IAA, Inc. (NYSEIAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the enhancement of its Interact™ merchandising platform with two new value-added features – Engine Starts and Key Image. These innovative tools provide buyers with additional vehicle details to research, bid, and buy with greater confidence and trust – while also driving a more competitive bidding environment and higher proceeds for sellers.

IAA, Inc. (NYSEIAA), a leading global marketplace connecting vehicle buyers and sellers, today announced that it intends to release its financial results for the first quarter of fiscal 2021 before market open and host a conference call at 9:00 a.m. Eastern Time on Tuesday, May 4, 2021.