Market Overview

Insurance Auto Auctions Appointed to National Motor Vehicle Title Information System Federal Advisory Board

WESTCHESTER, Ill.--(BUSINESS WIRE)--

Insurance Auto Auctions, Inc. (IAA) the leading live and live-online salvage auto auction company and wholly-owned subsidiary of KAR Auction Services, Inc. (NYSE: KAR), today announced the appointment of Brian Hildreth, director of corporate development, to serve a two-year term as a member representing the interest of salvage yards and auto recyclers on the Bureau of Justice Assistance's (BJA) NMVTIS Advisory Board. Hildreth is one of 25 representatives from key stakeholder groups, including law enforcement, state motor vehicle titling agencies, insurance carriers, auto industry organizations, consumer advocacy organizations and technology partners.

Brian Hildreth, director of corporate development, Insurance Auto Auctions, Inc. (Photo: Business Wi ...

Brian Hildreth, director of corporate development, Insurance Auto Auctions, Inc. (Photo: Business Wire) Brian Hildreth (Photo: Business Wire)

“Brian's appointment is a reflection of IAA's expertise and 30-year history in the salvage auction industry,” said Tom O'Brien, chief executive officer at Insurance Auto Auctions, Inc. “We are pleased that he will represent our industry and participate in this important initiative.”

The National Motor Vehicle Title Information System is designed to protect consumers from fraud and unsafe vehicles and to keep stolen vehicles from being resold. NMVTIS is also a tool that assists states and law enforcement in deterring and preventing title fraud and other crimes. The objective of the NMVTIS Advisory Board is to provide critical input and key recommendations to BJA's leadership regarding the effective and efficient administration of NMVTIS. IAA's participation will help reduce crime and maximize public safety benefits of NMVTIS.

About Insurance Auto Auctions, Inc.

Insurance Auto Auctions is the leading live and live-online salvage vehicle auction company and a wholly-owned subsidiary of KAR Auction Services, Inc. (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.

Insurance Auto Auctions, Inc.
Jeanene O'Brien, 708-492-7328
Vice President
www.iaai.com

 

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