Insurance Auto Auctions Wikipedia
Insurance companies may choose to total a vehicle after a flood fire or even damage caused by thieves depending on whether or not the insurance company can justify the cost of repairs as opposed to purchasing a new vehicle.
Insurance auto auctions wikipedia. Insurance auto auctions are not simply confined to cars wrecked in accidents either. Insurance auto auctions inc. Adesa salvage vehicle auctions give you access to over age high mileage and damaged vehicles including theft recoveries specialty vehicles lightly damaged rental vehicles and insurance write offs. Iaa provides automotive salvage and auction services.
In the united states the insurance industry declares approximately 3 to 4 million vehicles each year as total losses. Insurance auto auctions inc. The automotive salvage industry includes buyers of those total loss vehicles. Several adesa locations offer weekly in op run and drive sales with additional.
As a subsidiary of cox automotive a subsidiary of privately owned cox enterprises inc. Auto auctions are a method of selling vehicles based on an auction system. Auto auctions can be found in most countries and are usually exclusive to licensed automobile dealers in a few countries such as japan auto auctions are well known and used by most residents. Insurance auto auctions is the leader in online car auctions.
Benefits of adesa salvage vehicle auctions. Is an automotive company based out of two westbrook corporate center suite 500 westchester illinois united states. Is an automobile auction company and the world s largest wholesale auto auction based on trade volume with 145 auctions located in north america europe asia and australia. The company offers total loss lightly damaged and high mileage vehicles agricultural equipment heavy.
Vehicle preview at iaa charlotte is canceled through the month of august we apologize for any inconvenience.