A Season of Giving: IAA holds 2023 holiday fundraiser
Toronto, Ontario — Team IAA is raising money for Food Banks Canada this holiday season with a goal of helping to reduce hunger throughout the country. On average, Food Banks Canada has to provide 650 food banks with resources, and IAA is aiming to help lighten this load through a donation matching charity event. Specifically, […]
Auctions for Auctioneers: Ritchie Bros acquisition of IAA achieves shareholder approval
Toronto, Ontario — After some bumps along the road of negotiation, the Ritchie Bros acquisition of IAA has been completed following shareholder agreement from both parties. This merger will see IAA stockholders receive $12.80 per share in cash and 0.5252 common shares of Ritchie Bros. for each share of IAA common stock they own. When […]
Gone too Soon: High repair cost driving many Teslas to salvage prematurely, Reuters says
Toronto, Ontario — Tesla has been talking big about its in-house insurance platform recently, and how it is providing insights on potential design improvements, but some recent reporting from Reuters has found that far too many of the electric automaker’s vehicles are turning up as salvage prematurely. In a compilation of 120 Model Y vehicles […]
Tuesday Ticker: PPG 2022 sales driven by ‘higher selling prices, sales volumes’
Toronto, Ontario — In this week’s Tuesday Ticker, PPG reports record automotive refinish coatings sales for 2022, while B.C.-based Ritchie Bros. Auctioneers amends its deal to acquire IAA Inc. PPG’s power year PPG reported its fourth quarter 2022 and full-year results last week, reporting record net sales in its automotive refinish line of business. The […]
A New Era: Impact Auto Auctions rebrands to IAA
Toronto, Ontario — Heads-up to the auto recyclers out there; a familiar face in the aftermarket industry has adopted a new name, as Impact Auto Auctions has officially rebranded to IAA. This recent change by the used vehicle distributor can already be seen across IAA’s online platforms, such as its website, Auction Center, Seller Portal, […]
Grab the Keys, Start the Engines: Impact adds two new features to Merchandising Tools
Mississauga, Ontario — Impact Auto Auctions, the Canadian subsidiary of IAA, a global digital marketplace connecting vehicle buyers and sellers, announces the enhancement of its Interact™ merchandising platform with two new features–Engine Starts and Key Image. These tools provide buyers with additional vehicle details to research, bid, and buy with greater confidence and trust–while also […]
Industry Insider: IAA’s new Merchandising Platform provides a 360 buying approach
Toronto, Ontario — This week, Collision Repair’s Industry Insider sat down with Blair Earle, managing director for Impact Auto Auctions Canada, to learn more about the IAA Interact merchandising platform and how its features can provide trifold—and beyond—benefits to online buyers. Check out this week’s episode to learn more! https://youtu.be/BmijO2yoXB0