{"id":402398,"date":"2020-12-17T16:48:27","date_gmt":"2020-12-17T21:48:27","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=402398"},"modified":"2020-12-17T16:48:27","modified_gmt":"2020-12-17T21:48:27","slug":"iaa-expands-in-two-key-markets","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/iaa-expands-in-two-key-markets\/","title":{"rendered":"IAA Expands in Two Key Markets"},"content":{"rendered":"

<\/p>\n

IAA Expands in Two Key Markets<\/b><\/p>\n

\nAdding storage capacity in greater Los Angeles and Boston areas\n<\/p>\n

WESTCHESTER, Ill.–(BUSINESS WIRE<\/a>)–
\nIAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces increased capacity of its IAA High Desert branch located in Hesperia, California and the overall Boston, Massachusetts market. This investment will increase the IAA High Desert branch\u2019s inventory space by more than 60 percent, adding capacity to the overall Los Angeles market. Additionally, the Boston market will see a 20 percent capacity increase spanning three branch locations: IAA Taunton, Templeton, and Shirley.\n<\/p>\n

\n\u201cResponding to strong demand and increasing inventory needs of our customers, these significant capacity increases will support growing markets on both the East and West Coasts,\u201d said Tim O\u2019Day, President of U.S. Operations. \u201cExpansions continue to be a vital part of IAA\u2019s investment strategy, allowing us to meet our customers\u2019 needs while continuing to provide industry-leading buying and selling experiences.\u201d\n<\/p>\n

About IAA <\/b><\/p>\n

\nIAA, Inc. (NYSE: IAA) is a leading global digital marketplace connecting vehicle buyers and sellers. Leveraging leading-edge technology and focusing on innovation, IAA\u2019s unique platform facilitates the marketing and sale of total-loss, damaged and low-value vehicles. Headquartered near Chicago in Westchester, Illinois, IAA has nearly 4,000 employees and more than 200 facilities throughout the U.S., Canada and the United Kingdom. IAA serves a global buyer base \u2013 located throughout over 170 countries \u2013 and a full spectrum of sellers, including insurers, dealerships, fleet lease and rental car companies, and charitable organizations. Buyers have access to multiple digital bidding and buying channels, innovative vehicle merchandising, and efficient evaluation services, enhancing the overall purchasing experience. IAA offers sellers a comprehensive suite of services aimed at maximizing vehicle value, reducing administrative costs, shortening selling cycle time and delivering the highest economic returns. For more information visit IAAI.com<\/a>, and follow IAA on Facebook<\/a>, Twitter<\/a>, Instagram<\/a>, YouTube<\/a> and LinkedIn<\/a>.\n<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nCertain statements contained in this release include \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, statements made that are not historical facts may be forward-looking statements and can be identified by words such as \u201cshould,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201canticipates,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cseeks,\u201d \u201cestimates,\u201d and similar expressions. In this release, such forward-looking statements include statements regarding the expected timing and associated benefits with respect to the IAA High Desert and Boston market expansion on our business and plans regarding our growth strategies and margin expansion plan, and to our customers and company generally. Such statements are based on management\u2019s current expectations, 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. These risks and uncertainties include, but are not limited to: uncertainties regarding the duration and severity of the COVID-19 pandemic and measures intended to reduce its spread; the loss of one or more significant vehicle seller customers or a reduction in significant volume from such sellers; our ability to meet or exceed customers\u2019 demand and expectations; significant current competition and the introduction of new competitors or other disruptive entrants in our industry; the risk that our facilities lack the capacity to accept additional vehicles and our ability to obtain land or renew\/enter into new leases at commercially reasonable rates; our ability to effectively maintain or update information and technology systems; our ability to implement and maintain measures to protect against cyberattacks and comply with applicable privacy and data security requirements; our ability to successfully implement our business strategies or realize expected cost savings and revenue enhancements, including from our margin expansion program; business development activities, including acquisitions and integration of acquired businesses; our expansion into markets outside the U.S. and the operational, competitive and regulatory risks facing our non-U.S. based operations; our reliance on subhaulers and trucking fleet operations; changes in used-vehicle prices and the volume of damaged and total loss vehicles we purchase; economic conditions, including fuel prices, commodity prices, foreign exchange rates and interest rate fluctuations; trends in new- and used-vehicle sales and incentives; and other risks and uncertainties identified in our filings with the Securities and Exchange Commission (the \u201cSEC\u201d), including under Item 1A “Risk Factors” in our Annual Report on Form 10-K for the year ended December 29, 2019 filed with the SEC on March 18, 2020 and in our Quarterly Report on Form 10-Q for the quarter ended March 29, 2020 filed with the SEC on May 6, 2020, as such risk factors may be amended, supplemented or superseded from time to time by other reports we file with the SEC, including subsequent Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. Many of these risk factors are outside of our control, and as such, they involve risks which are not currently known that could cause actual results to differ materially from those discussed or implied herein. The forward-looking statements included in this release are made as of the date hereof, and we undertake no obligation to publicly update or revise any forward-looking statement to reflect new information or events, except as required by law.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201217006102\/en\/<\/a><\/span><\/p>\n

IAA Contacts
\n<\/b>
Media Inquiries:
\n<\/span><\/b>
Jeanene O\u2019Brien | IAA, Inc.
\n
SVP, Global Marketing and Communications
\n
(708) 492-7328
\n
jobrien@iaai.com<\/a><\/p>\n

Analyst Inquiries:
\n<\/span><\/b>
Arif Ahmed | IAA, Inc.
\n
VP, Treasury
\n
(708) 492-7257
\n
arif.ahmed@iaai.com
\n<\/a><\/p>\n

Caitlin Churchill | ICR
\n
(203) 682-8200
\n
investors@iaai.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Massachusetts Illinois California<\/p>\n

INDUSTRY KEYWORDS:<\/b> Aftermarket Other Retail Automotive Technology Specialty Other Automotive Other Technology General Automotive Retail Internet Fleet Management<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

IAA Expands in Two Key Markets Adding storage capacity in greater Los Angeles and Boston areas WESTCHESTER, Ill.–(BUSINESS WIRE)– IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces increased capacity of its IAA High Desert branch located in Hesperia, California and the overall Boston, Massachusetts market. This investment will increase the IAA High Desert branch\u2019s inventory space by more than 60 percent, adding capacity to the overall Los Angeles market. Additionally, the Boston market will see a 20 percent capacity increase spanning three branch locations: IAA Taunton, Templeton, and Shirley. \u201cResponding to strong demand and increasing inventory needs of our customers, these significant capacity increases will support growing markets on both the East and … <\/p>\n

Continue reading “IAA Expands in Two Key Markets”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-402398","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nIAA Expands in Two Key Markets - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/iaa-expands-in-two-key-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IAA Expands in Two Key Markets - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"IAA Expands in Two Key Markets Adding storage capacity in greater Los Angeles and Boston areas WESTCHESTER, Ill.–(BUSINESS WIRE)– IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces increased capacity of its IAA High Desert branch located in Hesperia, California and the overall Boston, Massachusetts market. This investment will increase the IAA High Desert branch\u2019s inventory space by more than 60 percent, adding capacity to the overall Los Angeles market. Additionally, the Boston market will see a 20 percent capacity increase spanning three branch locations: IAA Taunton, Templeton, and Shirley. \u201cResponding to strong demand and increasing inventory needs of our customers, these significant capacity increases will support growing markets on both the East and … Continue reading "IAA Expands in Two Key Markets"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/iaa-expands-in-two-key-markets\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-17T21:48:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20201217006102r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iaa-expands-in-two-key-markets\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iaa-expands-in-two-key-markets\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"IAA Expands in Two Key Markets\",\"datePublished\":\"2020-12-17T21:48:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iaa-expands-in-two-key-markets\\\/\"},\"wordCount\":939,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iaa-expands-in-two-key-markets\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20201217006102r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iaa-expands-in-two-key-markets\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iaa-expands-in-two-key-markets\\\/\",\"name\":\"IAA Expands in Two Key Markets - 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