HBC rebrands to IAA: Investment in the UK market will drive further growth and development
IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers today announced that its UK-based business unit HBC Vehicle Services (“HBC”) has rebranded as part of the global IAA brand. The rebrand reflects IAA’s commitment to investment, innovation and customer collaboration in the UK market.
Terry Daniels, Senior Vice President of Global Operations for IAA stated:
“Our in-country focused business model successfully leverages the resources of IAA while investing in the infrastructure, leadership and service delivery for the local market.” He added: “Bringing the UK business under the umbrella of IAA’s global brand will provide this market with innovative products and services, technology advancement and exposure to IAA’s extensive global buyer base.”
Steve Hankins, UK Managing Director of IAA said:
“HBC has been part of the IAA family for nearly one year,” adding: “In that time, we have successfully implemented new, innovative technologies, expanded the transport fleet with new lorries, and invested in our highly motivated staff. IAA continues to demonstrate its dedication to the growth and development of our customers and the UK market.”
When IAA spun off from KAR Auction Services, Inc. in June of 2019, HBC became part of the IAA family of companies. IAA has 14 strategically located facilities in Great Britain and Northern Ireland. As an independent, public company, one of IAA’s key growth strategies focuses on international expansion.
About IAA
IAA, Inc. (NYSE: IAA) is a leading global digital marketplace connecting vehicle buyers and sellers. Leveraging leading-edge technology and focusing on innovation, IAA’s unique multi-channel platform processes approximately 2.5 million total-loss, damaged and low-value vehicles annually. Headquartered near Chicago in Westchester, Illinois, IAA has nearly 4,000 talented employees and more than 200 facilities throughout the U.S., Canada and the United Kingdom.
IAA serves a rapidly growing global buyer base – located throughout over 135 countries – and a full spectrum of sellers, including insurers, dealerships, fleet lease and rental car companies, and charitable organisations.
Buyers have access to innovative vehicle merchandising, efficient evaluation services and digital bidding tools, enhancing the overall purchasing experience. IAA offers sellers a comprehensive suite of services aimed at maximising vehicle value, reducing administrative costs, shortening selling cycle time and delivering the highest economic returns.
For more information about IAA in the UK visit www.iaaiuk.co.uk
