Insurance Auto Auctions Inc., a provider of automotive salvage and claims processing services in the United States, announced record vehicle returns during the third quarter. These results were driven by increased buying activity as a result of IAA’s live auctions with Internet bidding.
The company recorded revenues for the quarter of $68.1 million compared to $60.8 million in the third quarter of 2004. Fee income in the third quarter increased to $58.1 million versus $53.3 million in the third quarter of last year.
Insurance Auto Auctions Inc., based in Westchester, Ill., a leader in automotive total loss and specialty salvage services in the United States, provides insurance companies with turnkey solutions to process and sell total-loss and recovered-theft vehicles. The company currently has 80 sites across the United States.
Topics USA Auto Profit Loss New Markets
Was this article valuable?
Here are more articles you may enjoy.
AIG General Insurance Chairman McElroy to Retire May 1 
Marsh McLennan Agency to Buy Fisher Brown Bottrell for About $316M 
Investment Funds File New Suits Over Lighthouse Insurance Collapse in 2022 
Jury Awards $80M to 3 Former Zurich NA Employees for Wrongful Termination 
