April 2017

In This Issue:

IAA Expands Branch Locations

Insurance Auto Auctions, Inc. (IAA) announced that it is expanding auction locations in Arkansas, Idaho, Indiana, Louisiana, Maine, Pennsylvania and Oregon. IAA facilities now occupy 173 locations in the U.S. and Canada.

“Our increased land capacity enables us to proactively meet the growing inventory needs of our vehicle sellers,” said John Kett, CEO and president of IAA. “We continuously evaluate opportunities in strategic locations and add resources and capacity where our customers need it most. We’re proud of our diverse and expanding presence, and we look forward to serving our customers in these important and active markets.”

The company stated its continued growth in key locations demonstrates IAA’s commitment to providing additional acreage for day-to-day seller storage and maintaining reserve storage for acute inventory increases due to natural disasters and/or catastrophic events. The expanded locations also allow the company to offer a wider selection of vehicles to physical and online buyers. Registered buyers can preview vehicles live at the individual auction locations or online via IAA’s newly redesigned vehicle details page that loads 60-percent faster and requires 50-percent less network data.

The IAA expansions include: IAA-Fayetteville, Ark.; IAA-Boise, Idaho; IAA-South Bend, In.; IAA-Shreveport, La.; IAA-Gorham, Maine; IAA-Bridgeport, Pa.; and IAA Portland West, Ore. Additional strategic auction expansions or new locations scheduled for 2017 include: Fredericksburg, Va.; Kansas City, Kan.; Flint, Mich.; Ogden, Utah; and Spokane, Wash.

IAA Branch details for live and live-online auctions include:

IAA-Boise is located at 3707 East Linden Street, Boise, Idaho; auctions held biweekly on Fridays at 9:30 A.M.

IAA-Bridgeport is located at 396 E Schuylkill River Rd., Bridgeport, Pa.; auctions held every Thursday at 9:00 A.M.

IAA-Fayetteville is located at 2801 E. Pridemore Dr, Lincoln, Ark.; auctions held biweekly on Thursdays at 9:00 A.M.

IAA-Gorham is located at 9 Moody Drive, Gorham, Maine; auctions held every Monday at 10:30 A.M.

IAA-Portland West is located at 10498 Vancouver Way, Portland, Ore.; auctions held every Tuesday at 9:00 A.M.

IAA-South Bend is located at 25631 SR2, South Bend, Ind.; auctions held every Tuesday at 10:00 A.M.

IAA-Shreveport is located at 4836 McGee Rd., Greenwood, La.; auctions held every Monday at 9:00 A.M.

For more information on listings for branch dates and times, please visit www.iaai.com/locations.

LKQ Corporation Announces Leadership Transition

Leadership is changing at LKQ. The Board of Directors of LKQ Corporation (www.lkqcorp.com) has unanimously selected Dominick P. Zarcone, the current chief financial officer (CFO) of LKQ, to become the new president and chief executive officer (CEO). Robert L. Wagman has announced his intention to step down from the positions of president and CEO due to health considerations, the company stated. In addition, Joseph M. Holsten, LKQ’s current chairman of the board and former CEO, was appointed as Executive Chairman.

LKQ stated that Wagman will remain with the company on a part-time consulting basis and the company will begin a process to fill the position of CFO. Zarcone will be included in the slate of nominees for election as a member of the LKQ Board of Directors at the Annual Meeting of Stockholders in May 2017; Wagman will not be standing for re-election to the Board,

Zarcone joined LKQ in March 2015 after having advised the company on numerous financing and acquisition transactions starting with LKQ’s initial public offering in 2003.

“I am extremely pleased with the choice of Nick Zarcone as the new CEO. Nick has been our Chief Financial Officer since March 2015 and has been an integral part of the LKQ story since he led the team at Baird that took us public in 2003,” said Joseph M. Holsten. “We are profoundly grateful to Rob Wagman for his dedication and commitment during more than 18 years with LKQ. We look forward to Rob's counsel as a consultant on a part-time basis while he addresses his health considerations. In addition, I will be taking on an increased role at the company and we will collectively remain focused on our business in view of the long history of the three of us working together.”

Upper Midwest Convention Planned For May

The Concerned Auto Recyclers (CARS) of Wisconsin and the Automotive Recyclers of Minnesota will hold the 2017 Upper Midwest Auto & Truck Recyclers Convention & Trade Show on May 5 - 6, 2017 at the Metropolis Resort & Conference Center in Eau Claire, Wis. CARS of WI is this year’s host.

The event will feature events, like the Bob Hoffmann Memorial Golf Outing and wine tasting at the Autumn Harvest Winery, and also speakers, round table discussions and a trade show.

Go to www.recyclersconvention.com for more information.

May Deadlines

  • March 29, 2017: Listings for The Locator Magazine.
  • April 3, 2017: Display ads for The Locator Magazine.
  • April 6, 2017: The Locator Magazine goes to press.

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