Buyer Newsletter 41

In this issue:

IAA Rental Rides Limited Auction and IAA Virtual Lane launching with Hyundai Capital Vehicles

IAA is excited to introduce, Rental Rides Limited Auction.  A convenient streamlined platform for buying rental vehicles. Bidders have a limited time to bid on vehicles and will know the exact minute a stock closes. The highest bidder wins the vehicle at closing time if the high bid meets the reserve price. This auction will launch on 11/4.

IAA Virtual Lane gives buyers access to an entirely new category of inventory and is kicking off with vehicles from Hyundai Capital. We are lining up additional partners to contribute inventory to this exciting new auction so be on the lookout for announcements regarding Virtual Lane. These vehicles will be immediately available for purchase at a set price via IAA Buy Now™. This auction will begin Monday, 11/9.  Visit IAA’s website navigation bar and look for Rental Rides and Virtual Lanes in the Vehicle & Auctions dropdown.

IAA AuctionNow™ Awarded US Patent

As the industry’s technology leader, IAA is continually innovating to provide its buyers and sellers with the best experience possible. The latest evidence of our technology leadership comes from the U.S. Patent and Trademark Office, which has awarded IAA a patent for its SYSTEM and METHOD OF AUCTION MANAGEMENT. The patent recognizes the valuable innovations developed by IAA for the company’s AuctionNow™ platform, which allows online auction participants to monitor and bid in multiple auctions simultaneously.

Branch Updates

• IAA Des Moines Offsite Location Notice

  All offsite inventory purchased at IAA Des Moines will need release paperwork and final payment submitted at the main branch located at 100 Armstrong Dr., De Soto, IA 50069.

• IAA Miami Branch Is Merging with IAA Miami North

  IAA Miami is closing at the end of 2020 and will not be accepting consignments after 10/30/20. All new consignments should be made at IAA Miami North. The last IAA Miami sale is 11/30/20.
  
  

  IAA recently announced breaking ground for a new state-of-the-art branch location in West Palm Beach, FL expanding IAA’s footprint in the state of Florida. Be on the lookout for more information.

• State of Maryland Title Delays

  COVID-19 continues to impact the Maryland Department of Transportation Motor Vehicle Administration (MDOT) operations and policies. Receiving titles from the state has been significantly delayed (over 30 days) and we continue to work diligently with MDOT. Keep up to date with the latest news on the MDOT COVID-19 FAQ page.

• IAA Specialty Temporarily Suspends Payments at Branch IAA Specialty has temporarily suspended all in-branch payments made at 2040 E. Algonquin Rd. Suite 501 Schaumburg, IL 60173.

• EHI Vehicles Now Weekly at IAA Syracuse

  IAA Syracuse is now running Enterprise rental vehicles weekly. Auctions are every Thursday at 9:30 a.m. ET.  

• IAA St. Louis Relocates and Expands

  This new location approximately twelve miles from St. Louis, Missouri, updates the branch facilities and supports IAA’s growth in this expanding market. The new branch features a covered Vehicle Inspection Center (VIC) building and a dedicated office for insurance clients, plus covered motorcycle storage and indoor storage. The site also offers a paved load-out, drive aisles and drop-off/check-in areas. An expanded lobby and conference rooms provide space for meetings and training.
  
  

  IAA St. Louis's new location address is 2436 Old Country Inn Drive, Caseyville, Illinois 62232. All buyer payments are to be made at this new location. If you are picking up a vehicle that has already been paid for, please call 618.797.0200 and a staff member will be notified to bring your vehicle(s) out.

• IAA Baltimore and IAA Culpeper Expand

  IAA Baltimore and IAA Culpeper expand, increasing inventory capacity in the east coast market. The inventory acreage will provide additional capacity to our sellers while expanding the inventory selection for our buyers.

Did You Know?

You Can Update Your Site Preferences Time Zone on IAAI.com

     
1. Scroll to the bottom of any page on IAAI.com >> Navigate to the Site Preferences section located at the bottom right-hand corner of the website's footer.
   

2. Click on the time field.
3. Select the appropriate country and city from the drop-down list, this will automatically adjust your time zone settings, next click Save

   

4. That’s it, you're ready to bid and buy using your adjusted time zone!