IAA Launches I-Pay Through IAA Buyer App for Apple

  IAA Launches I-Pay Through IAA Buyer App for Apple

IAA first to offer I-PAY service in app for salvage buyers, further enhancing
               its best-in-class buyer experience for customers

Business Wire

WESTCHESTER, Ill. -- February 8, 2013

Insurance Auto Auctions, Inc. (IAA) the leading live and live-online salvage
auto auction company and wholly-owned subsidiary of KAR Auction Services, Inc.
(NYSE: KAR), today announced that it has launched I-Pay through its IAA Buyer
App for Apple, making it the first to introduce payment services for salvage
buyers via an app in the industry. I-PAY offers qualified buyers with a U.S.
bank account the ability to pay for vehicle purchases online, anytime, which
brings added benefits to buyers as well as providers. Apple users are already
realizing cycle time and efficiency benefits by successfully using the I-Pay
service through the IAA Buyer App.

Since the IAA Buyer App first debuted in December 2011, thousands and
thousands of buyers have been using the software, demonstrating its growing
success with customers and an increased focus on technology in the salvage
industry. The IAA Buyer App was the industry’s first buyer app to make mobile
bidding available on the go. IAA has plans to introduce I-Pay for Android
later in 2013.

In addition to I-Pay, IAA has launched a new re-designed buyer landing page
for both Apple and Android with enhanced functionality that offers users a
more efficient bidding and buying process. The improvements include new
features such as “Won History” and “Lost Pre-Bids” complementing existing
capabilities which help users search inventory, access branch-specific
information and track the status of vehicles. Improved financial tools also
help buyers claim vehicles through a more streamlined purchasing process.
These added capabilities offer users greater visibility into the auction
cycle, which helps them make more informed decisions during the bidding
process.

“Technology today is driving how we connect with our buyers and providers, and
how we go to auction. It is also playing a significant role in how we measure
our performance with respect to cycle time to ensure we are delivering the
greatest value to our customers,” said Tom O’Brien, chief executive officer at
Insurance Auto Auctions, Inc. “We are committed to constantly improving our
technological capabilities to meet the growing demands of our customers and
provide a best in class buyer experience.”

Apple App users can also take advantage of the re-designed branch details
page, which offers a comprehensive mapping function that provides users with a
faster and easier way to identify IAA locations nationwide.

The IAA Buyer app was designed to provide users with access to the unique
elements and resources that are available on IAA’s website, iaai.com. The App
includes a number of specialized capabilities including a PIN feature which
allows for easier access to the site, a variety of user-driven alerts as well
as navigation features specific to both Apple and Android versions of the app.
IAA has been on the forefront of technological advancements in the industry
and was the first to provide users the ability to bid live on vehicles through
mobile technology.

About Insurance Auto Auctions, Inc.

Insurance Auto Auctions is the leading live and live-online salvage vehicle
auction company and a wholly-owned subsidiary of KAR Auction Services, Inc.
(NYSE: KAR). Headquartered in Westchester, Illinois, IAA owns over 160 auction
facilities throughout North America offering towing, financing and titling
services. With the most auction facilities in North America, IAA provides
registered buyers from around the globe with millions of opportunities to bid
on and purchase donated and salvaged vehicles. Since 1982, IAA has sold
millions of vehicles through its weekly auctions for insurance companies,
fleet and rental companies, financing companies, charity organizations and the
general public. IAA also leverages its business model to assist hundreds of
charitable organizations in the US through its One Car One Difference®
campaign. To date IAA has provided millions of dollars in additional funding
to charities by assisting in the processing of donated vehicles. Learn how we
are making a difference by visiting www.1car1difference.com. With a talented
team of over 1,800 employees, IAA is committed to providing customers with the
highest level of services in the salvage auto industry. Go to
www.IAA-Auctions.com to learn more, and follow IAA on Facebook and Twitter.

Contact:

Insurance Auto Auctions, Inc.
Jeanene O’Brien, 708-492-7328
Vice President, Marketing
www.iaai.com