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A Dealer’s Journal “The Complete Dealers Information Guide” A Nationwide Automotive Publication August Issue Volume 1, Issue 3 A Dealer’s Journal E-Newsletter Special Interest Articles: • Char leston Auto Auction Pays You To Come Early & Stay Late • Jenny Cr ai g Auctions Off Dead Husbands Car Collection A Dealer’s Journal August Issue E-Newsletter Insura nce Auto Auctions, Inc. the leading hybrid model salvage auto auct ion company anno unce d the future launch of I-Buy Fast, a new method for buyers to purchase an available vehicle. I-Buy Fast will be a buying optio n accessible through their online IAA Au ction Ce nter that allows qualifie d buyer s to purc hase vehicles be twee n auction date s that wer e run, but not sold. Although most vehicles are bid on and sold in their first run through an auction, there are some that do not sell. When the pro duct is launc hed later this summer, vehicle sellers will be able to choose to sell those ve hi cles through I-Buy Fast, ther efor e, providi ng additional expo sure, pot enti ally reducing cycle time and increasing selling opportunities. And, buyers will be able to immediately buy vehicles Insurance Auto Auctions Announces I-Buy FastSM AMERICA’S AUTO AUCTION, INC. Welcomes Industry Veteran Steve Piccinati As Senior Vice President AMERICA ’S AUT O AUCT ION, INC. announced that indust ry veteran Steve Piccinati has joined the co mp any as Se ni or Vice Preside nt. The ann ouncement was made by Ben Lange, President of the auction group. “We are very ple as ed to we lc o me St ev e to Amer ica ’ s Auto Aucti on,” said La nge. “H e br ings wit h hi m tr emendo us knowledge and expertise, as well as the trust and resp ect of coll eagues in both the national consign or and aucti on sectors. Steve will be an invaluable asset to our executive management team. We expec t him to have an immediate impact as we continue to ex ec ute our geog raphic an d indu s tr y s eg me n t ex pa ns io n str at egi es.” Picci nati comes to America ’s Auto Auction, Inc. from Bank of America, where he served for 11 yea rs as vice pres iden t of for a fixed price, allowing for additio nal options in the vehicle purchasing process. “Choice and flexibil ity are cr iti cal to the salvage auction process,” stated T om O’Brien, CEO. “I-Buy Fast will expand selling and buying opportunities for our clients as well as further support our goal of investment in our customer- centric hybrid auction model.” The new buying feature, I-Buy Fast, will launch in late Q3 as a complement to IAA’s Hybrid Auction Model combining live and live-online auctions. I-Buy Fast will also enhance buyers’ abi lity to purc has e vehicles at anytime from anywhere in the world. Insurance Auto Auctions, Inc. provid es the advantag e in salvage auto auctions with their hybrid auction model combining live and live -online auctions, Nor th Amer ic a’ s br oadest salv ag e auct io n faci li ty footprint, a strong global buyer bas e and high vehicl e ret urns . IAA ’s over 150 corporate owned faci li ti es ac ross the United Stat es and Cana da pr ovide veh icl e supplie rs and buyer s wi th powe rf ul soluti ons to pro cess and acqu ire tota l-loss, rec overed-t hef t, fle et lease, dona tion and rental vehi cles. The IAA Hy br id Auct ion Model, inclu ding live, liv e- online and proxy bidding, united with their mature global buyer base and di ver se inventor y , produce some of the industry’s hi ghes t re turns for vehi cl e providers. With over 26 years in the industry, IAA holds the most compreh ensive warehouse of salva e au ctio n da ta. Reposs ession and Remarket ing. Prior to his tenure with Bank of Amer ic a, hi s as si gn me n ts inc lude d Nat iona l Dir ecto r of Fl eet and Remarke ting for Hyundai Motors, Vice President of Natio nal Remar ketin g for Au to Na t io n, an d mul ti pl e leadership roles at Nissan Motor Cor por ation. His exte nsi ve backgr ound in the auto industry began in 1978 at Ford Motor Company . Picc ina ti is a gra duat e of the Uni vers ity of Ca li fo rn ia , Ir vi ne , wit h a bachelor’s degree in economics and st atis tics . In additio n, he holds an MBA degr ee fr om Azusa Pa ci fi c Univer si ty. America's Auto Auction, Inc. is the fastest growing auto auction compan y in the cou ntry wit h seven lo ca ti on s incl ud in g auctions in: Dallas, Houston, & Austin , TX; Tulsa, OK, Greenvil le, SC, Pittsburgh, P A, and Jackson ville, FL. Each is a member of the Nat iona l Au to Au ct io n Associa tio n an d corporat e headquar ters are in Dallas, T exas. Addi ti onal informat ion ca n be found at www.americasautoauction.com.

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