Westchester, Ill. Insurance Auto Auctions, Inc., a leading provider of automotive salvage and claims processing services in the United States, today announced record vehicle returns during the second quarter.

IAA’s dual bidding strategy has continued to drive more buyers to the Company’s auctions than ever before, resulting in increased bidding activity and higher vehicle returns for its insurance company suppliers.

“Combining the feedback we have been receiving from our customers with our internal data, we believe our vehicle returns were the highest in the industry during the quarter, which we feel is a direct result of our dual bidding platform and improved levels of customer service,” said Tom O’Brien, CEO. “On average, our returns have increased more than $300 per unit compared to 2003, providing a significantly better return for our insurance company suppliers. Our live auctions, most of which feature Run & Drive(R) auction lanes, are supplemented with our state-of-the-art Internet bidding capability, giving our growing customer base the flexibility to see and bid on our vehicles up close or through the Internet from anywhere in the world in a real-time setting. Enthusiastic buyer support of our auction model is clearly evident from the increase in buyer participation we have experienced, both at live auctions and via the Internet. By encouraging more buyers to come on to our bidding platform than ever before, we believe that during the quarter we were able to generate more bidding activity and the highest vehicle returns in the industry.”

Commenting further on the Company’s recent operating performance, O’Brien said, “We haven’t missed a beat throughout the organization since the close of the Kelso & Company acquisition in late May. The transaction has allowed us to focus even more of our time and energy on improving our operations and service levels to our customers, translating into much higher returns for our suppliers and higher profits for IAA. The Company generated revenues of $71.9 million in the second quarter, compared with $60.0 million in the same quarter of 2004. Gross profit margins improved to 26% in the second quarter, up from 22% in the same quarter of last year. We also continued to strategically expand during the quarter, specifically in Jacksonville, Altoona and Charleston, providing IAA with a greater geographic reach to meet the needs of our current and potential customers. Going forward we will continue to target new strategic opportunities that will further increase our buyer base and maintain our momentum of generating significantly higher returns.”

S-4 Filing:

Insurance Auto Auctions also filed an S-4 today that provides supplemental financial information to the results provided herein. Please refer to this document for additional financial information about the Company and its quarterly results.

About Insurance Auto Auctions, Inc.:

Insurance Auto Auctions, Inc., founded in 1982, a leader in automotive total loss and specialty salvage services in the United States, provides insurance companies with cost-effective, turnkey solutions to process and sell total-loss and recovered-theft vehicles. The Company currently has 80 sites across the United States.

Additional information about Insurance Auto Auctions is available on the World Wide Web at:

http://www.CarLackey.com
http://www.AutoLackey.com

My name is Lance Groom and I am formally from the Hit TV Show “Making Money”, also past board member for “Susan Powter” health fitness, and Infomercial guru. In 2001 I led one of the largest advertising campaigns in over 6,000 newspapers. This campaign resulted in over 25,000 sales all over the world creating “Classified Millions”.

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There used to be something special about the phrase “Chevrolet Impala.” There was a time when this was the best and hottest car on the road. But eventually Chevrolet let this one slip out of their sites, and resorted to a less stylish model. This all changed last year when the new Chevrolet Impala was introduced to the world. The new model seemed to recapture some of the glory before it even hit showroom floors.

The Chevrolet Impala has its work cut out because it competes in the mid size class. This class is crowded with top notch players such as the Toyota Camry, Honda Accord, and Nissan Altima. But with that being said, there is plenty of room for the Chevrolet Impala.

If you are looking for the Impala of the past, you will want to opt for the top of the line model that offers a big V8 engine which puts out more than 300 horses. This model can really fly, and it brings back memories of yesteryear.

And of course on the inside, the Chevrolet Impala has plenty of room just like it always has. The driver will be more than comfortable up front, and three across in the backseat is never a problem in the Chevrolet Impala.

Even though the Chevrolet Impala is up against stiff competition, it appears that it is holding its own just fine. As the Chevrolet Impala continues to develop, sales numbers should increase. For anybody that wants a big, American car, the Chevrolet Impala is a great option that should be considered.

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At least every month, there are police used car auctions in your locality. Sometimes, you might not be aware of them, but if you would only inquire and seek such transactions, you would certainly and easily find one.

Police used car auctions are auctions for cars that are under the possession of the police. No, the police agency, nor any of the officers, does not own these cars.

Such cars are put is disposal because it would be the best and it is required by law to avoid anomalies in the police department. But where do such cars from?

Police used cars

Police used cars can be simply defined as cars which were used by the police in various functions. Most of such cars are not specifically acquired for the purpose of being used by the police department. You see, the police is not an agency that generates much funds and income.

You know the function of the police. They chase criminals and confiscate belongings. One of the top belongings often confiscated by the police from criminals and law offenders is cars.

You can be surprised at the volume of cars that are confiscated by the police within a short period of time, like about half a year, or six months. Such repossessed cars accumulate at the police agencies’ parking lots.

Cars are machines that should be well taken care of. Maintenance of each car is imperative even how much they could get. Mind you, car maintenance nowadays is not cheap.

Ownership of unclaimed cars and those that are owned by prosecuted criminals are lawfully turned over to the police, after a specified period of time. Thus, since the police can never possibly maintain each car, and their storage lot is not enough to keep these cars for good, police used cars are often sold through special auctions.

Auctions

Police used car auctions are still auctions, at every angle you would look at it. That means, you should be prepared to bid for cars you want to buy from the transaction. In auctions, of course there are winning and losing bids.

Expect that police used cars are priced cheaper than brand new cars or those second hand cars sold at usual private car auctions. However, sometimes, bidders try to outbid each other, resulting to higher transaction prices.

You might be surprised to find out that sometimes, police used cars are priced more than a car’s value. That is because of the bidders’ competing bids. You should watch against such transactions.

Check the goods

Also expect to find defects and little to major damages in police used cars. Imagine, these cars were left at storage facilities for almost a year without maintenance.

When shopping cars at police used car auctions, be sure to bring along an expert so the engine, spare parts and the overall condition of the police used car in auction would be appropriately assessed.

No, don’t get it wrong. The police is not trying to scam you by selling you damaged goods. They are just disposing assets that should never stay in their possession for some time.

Buying police used cars

There is certainly nothing wrong with buying police used cars. Just be sure to check the condition of such cars before writing the check for payment. Then, ask for the proper documentation so that no ownership problem can be encountered in the future.

For listings of police used cars, please visit http://www.auto-car-auctions.info/

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