Canadian equipment marketplace Ritchie Bros Auctioneers Inc. said on Monday it would buy U.S.-based IAA Inc.in a deal valued at about $7.3 billion to diversify into the salvage vehicle market. The ...

The company provides salvage auction services for insurance companies, accident management companies, and other public and private sellers. Suburban Chicago automobile marketing firm IAA Inc. said ...

DETROIT (Reuters) - Vehicle auction company KAR Auction Services Inc said on Tuesday it will spin off its salvage auction business unit within the next 12 months so both entities will be able to focus ...

After completion of spin-off, KAR will focus primarily on its whole car auction marketplaces and technology solutions serving OEMs, captive financing companies, vehicle lending institutions, fleets, ...

KAR Auction Services leaders say spinning off the company's salvage auction unit — now set for completion in June — will help each of its auction businesses be more focused while returning value to ...

Insurance Auto Auctions is taking smartwatch convenience into the car-auction realm with its launch of an Apple Watch application that lets buyers view the status of vehicles in the bidding process ...

IAA said Monday that its non-branded repairable vehicles in Canada now include vehicle history reports from CARFAX Canada. Buyers will be able to see any available report, with no limits, and won’t ...

Two of the largest salvage auction companies are in different stages of their journeys as publicly traded companies. One on its way toward a first anniversary; the other breaking out silver to ...