{"id":477227,"date":"2021-04-15T16:26:07","date_gmt":"2021-04-15T20:26:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/impact-auto-auctions-introduces-new-engine-starts-and-key-image-merchandising-tools\/"},"modified":"2021-04-15T16:26:07","modified_gmt":"2021-04-15T20:26:07","slug":"impact-auto-auctions-introduces-new-engine-starts-and-key-image-merchandising-tools","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/impact-auto-auctions-introduces-new-engine-starts-and-key-image-merchandising-tools\/","title":{"rendered":"Impact Auto Auctions Introduces New Engine Starts\u2122 and Key Image\u2122 Merchandising Tools"},"content":{"rendered":"

<\/p>\n

Impact Auto Auctions Introduces New Engine Starts\u2122 and Key Image\u2122 Merchandising Tools<\/b><\/p>\n

\nDe-risks transactions for buyers and drives higher selling prices\n<\/p>\n

MISSISSAUGA, Ontario–(BUSINESS WIRE<\/a>)–
\nImpact Auto Auctions Ltd., the Canadian subsidiary of IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the enhancement of its Interact\u2122 merchandising platform with two new value-added features \u2013 Engine Starts and Key Image. These innovative tools provide buyers with additional vehicle details to research, bid, and buy with greater confidence and trust \u2013 while also driving a more competitive bidding environment and higher proceeds for sellers.\n<\/p>\n

\nEngine Starts offers a 10-second, under-the-hood video with full sound captured by a yard attendant using OnYard\u2122, IAA\u2019s vehicle check-in system. The video enables vehicle buyers to assess an engine\u2019s condition as it runs while Key Image features high-quality photos showing key(s) or fob condition and type.\n<\/p>\n

\n\u201cProviding a wealth of detailed vehicle information, these new merchandising tools are enhancing the customer experience by helping our buyers make decisions with greater confidence and trust,\u201d said Blair Earle, Managing Director of Impact. \u201cEngine Starts and Key Image allow confident, informed decisions by ensuring buyers receive vehicles that are accurately and consistently described.\u201d\n<\/p>\n

\nCoupled with IAA 360 View\u2122, a 360\u00b0 imaging technology, these imagery tools on the Interact\u2122 merchandising platform create a more immersive buyer experience, replicating physical interaction with a vehicle. Used in the U.S. since 2019, this technology can also help buyers to de-risk transactions by allowing them to assess the value of a vehicle more accurately. Both merchandising tools may be found via the vehicle detail pages at impactauto.ca<\/a>.\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>. For more information on Impact visit ImpactAuto.ca<\/a>, and follow Impact on Facebook<\/a>, Instagram<\/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 rollout of Engine Starts\u2122 and Key Image\u2122 in Canada 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 the measures taken to reduce its spread, on our business and the economy generally; 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 plan; 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 “Risk Factors” in our Form 10-K for the year ended December 27, 2020 filed with the SEC on February 22, 2021. Additional information regarding risks and uncertainties will also be contained in subsequent annual and quarterly reports we file with the SEC. 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\/20210415006051\/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> North America Canada<\/p>\n

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

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

Impact Auto Auctions Introduces New Engine Starts\u2122 and Key Image\u2122 Merchandising Tools De-risks transactions for buyers and drives higher selling prices MISSISSAUGA, Ontario–(BUSINESS WIRE)– Impact Auto Auctions Ltd., the Canadian subsidiary of IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the enhancement of its Interact\u2122 merchandising platform with two new value-added features \u2013 Engine Starts and Key Image. These innovative tools provide buyers with additional vehicle details to research, bid, and buy with greater confidence and trust \u2013 while also driving a more competitive bidding environment and higher proceeds for sellers. Engine Starts offers a 10-second, under-the-hood video with full sound captured by a yard attendant using OnYard\u2122, IAA\u2019s vehicle check-in system. The … <\/p>\n

Continue reading “Impact Auto Auctions Introduces New Engine Starts\u2122 and Key Image\u2122 Merchandising Tools”<\/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-477227","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nImpact Auto Auctions Introduces New Engine Starts\u2122 and Key Image\u2122 Merchandising Tools - 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\/impact-auto-auctions-introduces-new-engine-starts-and-key-image-merchandising-tools\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Impact Auto Auctions Introduces New Engine Starts\u2122 and Key Image\u2122 Merchandising Tools - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Impact Auto Auctions Introduces New Engine Starts\u2122 and Key Image\u2122 Merchandising Tools De-risks transactions for buyers and drives higher selling prices MISSISSAUGA, Ontario–(BUSINESS WIRE)– Impact Auto Auctions Ltd., the Canadian subsidiary of IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the enhancement of its Interact\u2122 merchandising platform with two new value-added features \u2013 Engine Starts and Key Image. These innovative tools provide buyers with additional vehicle details to research, bid, and buy with greater confidence and trust \u2013 while also driving a more competitive bidding environment and higher proceeds for sellers. Engine Starts offers a 10-second, under-the-hood video with full sound captured by a yard attendant using OnYard\u2122, IAA\u2019s vehicle check-in system. 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