Close Alert

Delivering Industry Insight

IAA monitors economic trends that affect your business, and shares what we know so you can make smart decisions. We offer you, free of charge, a range of publications that summarize key economic issues and how they relate to various specific aspects of the auto auction marketplace. We want you to be well informed, confident in your decision making, and satisfied that working with IAA is good for your business.

Feb 7, 2017

Hear from our National Sales Director, Corey Kusaba, on the latest in email technology for the industry. Learn how smarter email communications can help your nonprofit shatter its goals this year with information on the mobile email experience, a step-by-step look at email strategy, and tips and tricks for writing better email content. Accelerate your charity’s fundraising with the help of IAA.

Read more
Jan 17, 2017

August 2016 was a difficult time for many Louisiana residents as seemingly unrelenting heavy rainfall resulted in devastating flooding that damaged or destroyed thousands of homes and businesses and even more vehicles. This report details how the IAA CAT Response Team took action and aided in the recovery efforts before, during and after the storms.

Read more
Jan 17, 2017

When disasters strike, like Hurricane Matthew did along the southeastern coast of the United States in September 2016, it can be a long, hard struggle to return to normalcy. It’s our goal to help speed up the process and assist wherever possible – not only for the benefit for our partners, but for the communities in need. Find out more about the IAA CAT Response Team's recovery efforts in this report. 

Read more
Dec 20, 2016

Learn how marketing partnerships can help your nonprofit achieve its goals for 2017. Look ahead with information about social analytics and rethinking your organization hierarchy. This issue also includes fundraising tips and tricks to take full advantage of the new year. Accelerate your charity’s fundraising with the help of IAA.

Read more
Nov 9, 2016

The price of Palladium rose 19%, making it the best-performing precious metal for the third quarter of 2016. The U.S. dollar was also on the rise this quarter. Learn more about these changes in the vehicle donation market and other external factors in our latest Charity Report.

Read more
Nov 9, 2016

Inventory mix proved key in determining vehicle values within the Remarketing segment, as a slight lean toward good-condition rental vehicles led to an annual increase in the third quarter of 2016.

Read more
Nov 9, 2016

We track some unique vehicles in the Specialty segment. IAA has the details on how market conditions affected the performance of each specialty vehicle type in the third quarter of 2016. 

Read more
Nov 8, 2016

Many economic influencers and a few surprises contributed to how insurance carrier vehicles performed at auction in the third quarter of 2016. With this report, IAA brings you all of the details about this unique market segment.

Read more
Nov 1, 2016

Our latest issue of Charity Views is here with a brand new look.This issue features vehicle donation during the holidays and branding. Learn the best times for vehicle donation so that you can capitalize on the giving season, while maximizing your value as a brand. You might be surprised at how effective it all is.

Read more
Oct 26, 2016

In light of record-breaking recall numbers in recent years – as well as a surge in new-vehicle sales – what impact do vehicle recalls have on the automotive marketplace? The latest issue of OnTrack examines this question and more.

Read more
Sep 22, 2016

After a record-breaking 2015, new-vehicle sales kept pace into the first half of 2016. Favorable macroeconomic conditions as well as tightening supply across the metals commodities also affected the automotive auction marketplace.  IAA discusses these dynamics in our latest report, and will continue to keep an eye on economic influencers, as 2016 comes to a close and we look to publish our full-year 2016 review.

Read more
Aug 31, 2016

In the second quarter of 2016, a shift in inventory mix toward higher-quality vehicles helped boost the average selling price for the Remarketing Division. But even as market conditions headed in the right direction, abundant oversupply continued to damper the category. 

Read more
Aug 31, 2016

During the second quarter of 2016, the trailer and motorhome segments continue to moderate from the highs of 2015, while equipment sales stumbled due to uneasy economic conditions. However, boat and truck sales enjoyed a strong start to the summer, and market conditions seem to be heading in a favorable direction for all the Specialty vehicle segments. 

Read more
Aug 31, 2016

The average actual cash value of Insurance carrier vehicles continues its streak in the second quarter of 2016, posting increases of 2.6% quarterly and 2.2% annually. Average age and mileage also dropped, which indicates higher-quality vehicles.

Read more
Aug 31, 2016

Although there was some positive momentum in the scrap vehicle and metals markets during Q2, prices have still not recovered to their pre-2015 levels. With higher average mileage and vehicle age, there were strong headwinds to any immediate recovery for the donation market. These trends and others are further highlighted in the Q2 Quarterly Charity Report.

Read more
Aug 9, 2016

This issue of Charity Views focuses on human connection and how to build it, whether it be through word-of-mouth conversations or optimizing your website. You might be surprised. The smallest of gestures can have a major impact on potential vehicle donors.

Read more
Aug 9, 2016

It can be challenging for insurers to handle the volume of claims in the wake of a weather catastrophe. In the spring of 2016, Texas was battered by not one, but three of those events. Using knowledge gleaned from prior experience, like Sandy in 2012, IAA was on the scene to assist our insurance partners with the recovery effort. The Catastrophe Event | Texas Storms report discusses our key takeaways, and the steps we take to ensure effective communication and coordination.

Read more
Jul 21, 2016

For the automotive industry, technology is much more than a buzzword. From the factories producing new vehicles to the buyers purchasing them at auction, the latest issue of OnTrack takes a look at the role technology plays in the automotive ecosystem.

Read more
Jun 9, 2016

There is good news for the donated vehicle industry. Although the beginning of 2016 proved challenging as diminishing vehicle quality pulled down average cash values, economic conditions seem to have turned a corner. Favorable exchange rates are applying upward pressure on values within the commodities market – these are the primary drivers of auction prices for donated vehicles.

Read more
Jun 7, 2016

For the automotive industry, 2016 started off with a bang. New-vehicle sales finished the first quarter higher than year-ago levels, which already has some analysts predicting another strong year. While this could add to oversupply issues over time, it didn’t negatively impact the current used-vehicle market, which experienced year-over-year and month-to-month price gains.

Read more
Jun 7, 2016

While it looks like figures for some of the specialty segments are on the downswing, a closer look suggests that markets are simply stabilizing after the record highs of 2015. The boat and motorhome still posted annual gains, thanks to seasonality, an improved economy and continued demand for recreational vehicles. 

Read more
Jun 7, 2016

There was some cause for cautious optimism during the first quarter of 2016, as whole crushed auto-body prices increased 3.1% relative to the prior quarter. The average actual cash value of insurance vehicles increased year-over-year, despite a slight quarterly decline. The year-over-year increase is no surprise when you consider both average age and mileage also decreased annually, indicating higher-quality vehicles.

Read more
Jun 7, 2016

The vehicle donation industry is making some serious noise in 2016. To help you get the most out of your vehicle donation program, the Charity Views team has identified some trends your organization should be taking advantage of.

Read more
May 27, 2016

The things that set us apart from our competition are what make us the better option for buying and selling salvage vehicles. Get all the details about our live and live-online auction, worldwide customer base and more.

Read more
May 27, 2016

Whether they’re aged, high-mileage, lightly damaged, fleet/lease or dealer trade-ins, we know remarketing vehicles inside and out. Find out how we use that knowledge to deliver high retentions.

Read more
May 24, 2016

Remember midterms? Those days are behind most of us (and we couldn’t be happier), but the automotive manufacturers are about to face a Mid Term Evaluation of their own, and the results could shape the face of the industry for years to come.

Read more
Apr 14, 2016

2015 was a record-breaking year for America’s automotive industry, with new-vehicle sales reaching 17.47 million units. This metric, along with positive news from the labor markets and strong consumer confidence, helped the U.S. economy recover from a somewhat slow start to the year. By December, GDP had posted moderate growth for the year. The U.S. dollar also benefited from the Federal Reserve’s decision to raise interest rates, capping an excellent year for the greenback. The outlook for 2016 is up and down, with forecasters calling for tepid economic growth but a labor market that should continue to improve. 

Read more
Mar 11, 2016

For the Donation Division, upside down supply and demand fundamentals applied downward pressure throughout the fourth quarter of 2015. An oversupply of certain key metals could continue to be an obstacle in the immediate future.

Read more
Mar 11, 2016

The boat and motorhome segments were the big winners in the fourth quarter of 2015 as both categories posted strong year-over-year gains in the auction lanes. 

Read more
Mar 11, 2016

Used-vehicle supply was up in 2015, but thanks to the high quality of the available inventory, these elevated levels had a relatively insignificant impact on selling prices.

Read more
Mar 3, 2016

November and December numbers may sound like a familiar tune, with whole crushed auto bodies and the three metals tracked by IAA once again posting declines, but there are signs that things may be bottoming out. 

Read more
Feb 29, 2016

2016 has kicked off with a bang. We have several initiatives in motion that will help our partners achieve long-term success, and the latest issue of OnTrack has all the details.

Read more
Feb 10, 2016

The theme of the year’s first issue of Charity Views is “new beginnings.” From brushing up on the fundamentals to mastering advanced marketing concepts, this issue will help get your vehicle donation program moving in 2016.

Read more
Feb 4, 2016

In 2014, IAA was the first automotive auction company to investigate the impact evolving Corporate Average Fuel Economy (CAFE) standards could have on the auction industry. Two years later, manufacturers are implementing significant changes in order to meet these regulations, and the decisions they’re making are already being felt in the auction lanes. Our updated 2016 CAFE Standards Report provides the most current snapshot of where things stand today, and what may be on the horizon.

Read more
Dec 21, 2015

It was an even split between the six primary economic factors influencing the salvage market tracked by IAA, with three posting gains and three posting losses. Despite some positive momentum, however, whole crushed auto body and metal values continued to decline.  

Read more
Dec 3, 2015

The third quarter proved just as challenging as the second, as ACV continued its downward trajectory. Key influencers remained the same – lackluster vehicle quality metrics, year-over-year price declines for crushed cars and all three metals IAA tracks, and a strong U.S. dollar.

Read more
Dec 3, 2015

The Specialty Division is on a roll, notching another quarter of annual price increases for all five segments. Everything from elevated shipping rates and healthy construction activity to Baby Boomers taking to the open road drove positive results in the face of difficult macroeconomic conditions.

Read more
Dec 3, 2015

Strong new-vehicle sales, a shift in vehicle mix and seasonal adjustments led to a slight dip in quarterly results.

Read more
Dec 3, 2015

Increased use of high-tech components in the manufacture of new vehicles combined with an older overall vehicle population have led to higher total loss rates. As a result, the total loss claims process has become a more important success factor for P&C carriers. Given the critical importance of this process, Insurance Auto Auctions, Inc. (IAA) undertook a research project designed to uncover opportunities to improve outcomes for P&C carriers.

Read more
Oct 27, 2015

We’re committed to supporting the success of our nonprofit partners. That’s no secret. But with the release of our latest report, Timing Is Everything: Marketing a Vehicle Donation Program During the Holiday Season, we’re taking things to a new level. Backed by nearly five years’ worth of proprietary IAA data, it’s the industry’s first and only guide for maximizing a vehicle donation program’s return on marketing investment during the holiday giving season.

Read more
Oct 6, 2015

Poor performances by key metals continued a challenging stretch for the salvage market. The struggling Chinese economy played a significant role, as the country’s weak demand for metals reflected wider global trends.

Read more
Sep 24, 2015

The U.S. economy continued to perform well during the first half of 2015 as unemployment remained low and consumer confidence and spending trended up. The positive momentum of the economy translated into a stronger U.S. dollar. This was bad news for metals as prices softened across the board impacting auction results. These market conditions are expected to continue through the remainder of 2015.

Read more
Sep 3, 2015

A shift in mix toward off-rental vehicles bolstered Remarketing Division average selling prices and pulled down average age and mileage.

Read more
Aug 27, 2015

The market for salvage remained soft in May and June as whole crushed auto-body prices and metals prices remained weak. Used-car prices were up, however this was due to inventory shifts rather than market fundamentals which limited their impact on overall prices. 

Read more
Aug 27, 2015

It was a clean sweep of annual price increases for the five specialty segments, aided by favorable borrowing conditions and low gas prices. Four of the five segments recorded double-digit improvements, led by an equipment market that received a boost from firms eager to invest in their inventory.

Read more
Aug 25, 2015

Like everyone, we pack a lot of activities into our summer, and this one is no exception. Trade shows, charity events, tracking the global economy — we’ve done it all in the last few months and recap the action in this edition of OnTrack.

Read more
Aug 25, 2015

The second quarter proved challenging in the donation realm. Average actual cash value recorded its first annual decline in more than a year, with negative influences from vehicle quality, crushed-car prices and metal values.

Read more
Jun 29, 2015

Salvage market trends held mostly steady in March and April. A rising U.S. dollar, sinking gas prices and falling whole crushed auto body prices highlighted price movements over the two month period.

Read more
Jun 10, 2015

Want to see sale results for vehicles like yours before sending it to auction? Get a fast, accurate valuation anywhere, anytime with this feature of CSAToday.

Read more
Jun 4, 2015

The market for donated vehicles is huge, yet only a small percentage of charities take advantage. Find out just how much funding is up for grabs and how a vehicle-donation program can make a positive impact.

Read more
Jun 2, 2015

The average selling price of Remarketing Division vehicles remained high in the first quarter of 2015, buoyed by strong used-car prices and a shift in vehicle mix.

Read more
Jun 2, 2015

The strengthening U.S. economy seemed to wield the biggest influence over the five specialty segments, three of which saw their year-over-year results increase. Even the two that fell showed signs of a promising market moving forward, including strong demand and new-sales figures.

Read more
May 29, 2015

The quality of Donation Division vehicles headed in a positive direction to start the year, with average age decreasing and actual cash value on the rise. Those trends proved to be crucial in light of Crushed-Car Price Index’s prolonged decline.

Read more
May 20, 2015

Real-world developments and online activity get equal time in this edition of the newsletter, as we examine how repair costs and new-vehicle sales might impact auction results, as well as major trends in the digital arena.

Read more
Apr 28, 2015

The factors affecting the salvage market did not turn over a new leaf for 2015, which started with most of them continuing their movement from the year prior. This meant an increasingly strong dollar, falling crushed auto-body prices and a rise in two of the three metals.

Read more
Apr 7, 2015

A series of market factors, including strong used-car prices, helped to extend year-over-year growth for the average selling price of Remarketing Division vehicles in Quarter 4.

Read more
Mar 27, 2015

Assigning a vehicle to IAA doesn’t need to wait until you get back to your desk. Find out how you can do it right from your smartphone with CSAToday.

Read more
Mar 24, 2015

Developments across the globe influenced our industry in 2014 and made a significant impact on the vehicles sold at IAA branches. A stronger U.S. economy, a rise in sales for new and used vehicles, and volatile metal prices are just a few of the factors that affected auction results throughout the year and will continue to do so in 2015.

Read more
Mar 16, 2015

Your organization has a story to tell through its content. From the success stories on your website to social media posts, every word is an opportunity to reach your audience, and this edition of our newsletter helps ensure you make the most of each one.

Read more
Mar 12, 2015

This edition of OnTrack looks back on uplifting events that closed out 2014, as well as recent developments within IAA and the automotive industry that have already made an impact in 2015.

Read more
Mar 6, 2015

It was an up-and-down final quarter for the factors that influence the value of donated vehicles. Falling crushed-car and metal prices were seemingly counteracted by rising used-car values and vehicle quality, which aided the average actual cash value of Donation Division inventory.

Read more
Mar 4, 2015

Whole crushed auto bodies closed out 2014 with another year-over-year decline in value. The U.S. dollar headed in the other direction, continuing its second-half rally. Demand drove metal prices, which saw varied results for the bimonthly period. Gasoline and used-car prices also differed, with the former sinking further and the latter edging upward.

Read more
Feb 26, 2015

In the final quarter of 2014, increased demand helped the truck, trailer and motorhome segments reach their highest price levels in eight years of IAA tracking.

Read more
Jan 9, 2015

The market for salvage was not ideal in September and October as a stronger dollar, decreases in foreign demand and slowing global economic growth applied downward pressure to prices in key market drivers.

Read more
Dec 19, 2014

This edition of OnTrack is all about volume, as we explore the reasons behind the growing number of vehicles coming to auction. Plus, find out how we help in the wake of severe weather and the latest culprit in this record year for vehicle recalls.

Read more
Dec 17, 2014

A series of market factors, including strong new-vehicle sales, worked to push the average selling price of Remarketing Division vehicles higher in Quarter 3.

Read more
Dec 11, 2014

The U.S. economy got stronger in Quarter 3, and the average actual cash value of Donation Division vehicles followed suit. The positive result came on the heels of a similarly big gain in the second quarter, as items coming to auction continue to decrease in age and mileage.

Read more
Dec 10, 2014

The holiday season is a giving time of year. Whether it manifests as increased donations or more volunteers lending a hand, your organization needs to be ready. In this edition, you’ll find tips to help you during this part of the calendar, as well as in 2015 and beyond.

Read more
Nov 19, 2014

It was another somewhat misleading period for the five specialty segments, which posted strong results despite year-over-year declines. The trailer and equipment categories were the only gainers of the group, with the latter recording the biggest rise.

Read more
Oct 28, 2014

A slight dip in quarterly results wasn't enough to knock the average selling price of Remarketing Division inventory off its run of year-over-year gains, as the trend toward newer, less-traveled vehicles continued.

Read more
Oct 22, 2014

Demand fluctuations and an improving U.S. dollar led to a mixed two-month stretch for the salvage market, highlighted by a drop in whole crushed auto-body prices and double-digit gains for two of the three metals.

Read more
Oct 9, 2014

An excellent first quarter proved to be a tough act to follow for IAA’s five specialty segments. Year-over-year prices declined in four areas, with equipment posting the biggest drop. The results could be seen as misleading, however, as several sale-price indexes climbed close to record highs during Quarter 2 2014.

Read more
Sep 18, 2014

Overall, the story for the first half of 2014 was one of growth. Several key economic factors posted gains, leading to a rise in Low and Mid Grade vehicles values during the six-month period, as well as a year-over-year increase in the High Grade segment.

Read more
Sep 12, 2014

Your organization has interesting stories to tell. In our latest newsletter, we explain how sharing them can make an impact with your audience, provide tips for ensuring a well-aligned communication strategy and deliver good news for vehicle donation programs everywhere.

Read more
Sep 12, 2014

While results were mixed in Quarter 2 for the market factors IAA tracks, average age and mileage both suggested a continued rebound in average actual cash value of Donation Division vehicles. If that stabilization persists, we may see a sustained rise in the months to come.

Read more
Sep 10, 2014

The future isn’t as far away as you might think, at least if this edition of OnTrack is any indication. In it, we take a brief look at the wide-ranging impact of Google’s self-driving car, highlight our rapidly expanding network of IAA branches and discuss the glimpse of tomorrow we received at Techweek Chicago 2014.

Read more
Sep 2, 2014

Summer’s start extended the losing streak for whole crushed auto-body prices, which slipped during the bimonthly period. The U.S. dollar saw mixed results before finishing June with a moderate increase year-over-year. The metals trio posted a clean sweep, rising in value versus June 2013. Prices for gasoline and used cars also rose throughout the period. Consumer price index (CPI) results revealed the potential for total loss remained on the upswing.

Read more
Jul 23, 2014

We’re making connections with this edition of OnTrack, which includes the latest on our buyer social media efforts, our annual stop at the Sturgis Motorcycle Rally and recent events that will influence the future of our industry.

Read more
Jul 9, 2014

The spring season began with the U.S. dollar posting year-over-year gains, which in turn limited growth for whole crushed auto-body prices. The stronger greenback helped push down the value of platinum, while results were mixed for sinking aluminum and rising palladium. Prices for gas and used cars both benefited from higher demand and increased year-over-year. Total-loss potential for new and used vehicles also rose in the bimonthly period.

Read more
Jun 4, 2014

Who do you want as the face of your organization? It’s an important question with a simple answer: people who are passionate about your cause. This edition of the newsletter features different approaches for recruiting the advocates every charity needs.

Read more
Jun 3, 2014

An improvement in the quality of donated vehicles seen at the end of 2013 continued through the first quarter of 2014. However, a stronger dollar led to lower commodity values and prices fell for whole crushed auto bodies as well. This kept first quarter auction values in check.

Read more
May 29, 2014

The average selling price of Remarketing Division vehicles continued its upward swing in the first quarter of 2014, increasing on both a quarter-over-quarter and year-over-year basis.

Read more
May 22, 2014

This edition of OnTrack came at a time of change for IAA, as Tom O’Brien handed over the CEO reins to John Kett. We cover both sides of the transition with an introduction from John and a look back at Tom’s years at the helm, as well as other key developments that impact our industry.

Read more
May 14, 2014

A strong end to 2013 carried over into the new year for all five specialty segments. Prices fell for whole crushed auto bodies and all three metals, but the U.S. economy was strong enough to foster confidence in consumers. The resulting demand contributed to year-over-year growth for truck, trailer, equipment, boat and motorhome prices.

Read more
Apr 29, 2014

Unusually cold weather and market fundamentals led to an up-and-down salvage market to start the year. In January, the U.S. Dollar Index continued to gain in value as the Federal Reserve reiterated its intentions to cut back bond purchases. The following month, weak economic figures and declining consumer sentiment reversed the dollar's direction. Throughout the period, soft demand for scrap steel, especially in China and Turkey, limited the value of whole crushed auto bodies. Meanwhile, platinum and aluminum faced downward pressure from supply trends, and palladium's movement reflected changes in Chinese imports. Lastly, weather-related issues and an increase in supply suppressed used-car valuations.

Read more
Apr 22, 2014

It was a strong 2013 for overall economic indicators. The rate of economic growth accelerated in each of the first three quarters, which translated to a significantly improved labor market. The value of the U.S. dollar also strengthened, which influenced metal prices, as well as the Low and Mid Grade vehicle segments, while the High Grade segment felt the effects of increased used-vehicle supply.

Read more
Apr 21, 2014

Charities communicate with their audience on a regular basis. But are they being heard? This edition of Charity Views covers some of the basics involved with getting the word out and ensuring those words make the impact organizations want.

Read more
Apr 8, 2014

The automotive industry threw a lot at us since the last edition of OnTrack, and we’re here to help you get caught up. Whether it’s the surge in aluminum use by automakers, a shift in the trend of fuel prices or what sales data tell us about the years ahead, we break it all down in our latest newsletter.

Read more
Mar 14, 2014

The numbers we saw during Quarter 4 2013 painted an optimistic picture for the future value of donated vehicles. As the year drew to a close, the rise in average age and mileage of these items started to slow, opening the door to a rebound in average actual cash value in 2014.

Read more
Mar 4, 2014

Despite downward pressure from a bevy of macroeconomic factors, all five specialty segments experienced year-over-year price index gains in Quarter 4 2013. Strong new-vehicle and retail sales figures likely offset the downward pricing pressure applied to metal prices by a strengthened U.S. dollar.

Read more
Feb 19, 2014

The average selling price of Remarketing Division vehicles increased in Quarter 4 2013 from Quarter 3 2013, capping the year with significant gains. 

Read more
Feb 12, 2014

In the closing months of 2013, seasonal and macroeconomic factors led to a dynamic salvage market. Weaker-than-expected demand for steel limited the value of whole crushed auto bodies, and the rising value of the U.S. dollar applied downward pressure on the price of metals. Strong retail demand supported used-car prices, which later faced downward pressure from increasing supply.

Read more
Jan 29, 2014

New vehicles are required to meet increasingly high fuel-economy benchmarks because of the recently revised Corporate Average Fuel Economy (CAFE) standards. Significant vehicle modifications will manifest over the course of the next decade as automakers strive for greater fuel efficiency, reshaping the automotive industry. This report takes a deeper look at the standards, their effects and the potential impact on the auto-physical damage industry.

Read more
Jan 18, 2014

Handling unique items requires expertise and experience. We have both, which is why we’re able to determine the value of specialty inventory, including semis, RVs, buses, heavy equipment and more.

Read more
Jan 17, 2014

We don’t play around when it comes to weekend toys. Motorcycles, personal watercraft, snowmobiles, ATVs—these items need special care, and we provide it to make sure they’re at their best when they get to auction.

Read more
Jan 17, 2014

Market forces, in conjunction with seasonal factors, led to muted activity in salvage price indicators in September and October.

Read more
Jan 16, 2014

The most recognized and trusted charities rely on us to turn donated vehicles into valuable funding. Find out why they partner with us to help fuel their missions.

Read more
Jan 15, 2014

Sellers keep coming back to us because they know we can strike a balance between lower cycle times and the best price for their items. Learn how we foster a competitive environment that ensures great results.

Read more
Jan 14, 2014

The tools at our disposal allow us to expose every vehicle we sell to not just any buyer, but the right buyer. We make sure vital information is easy to find and that every item gets the treatment it needs to attract a good price.

Read more
Jan 13, 2014

Tracking and managing your vehicle assets should be easy. We make it happen with CSAToday®, our online reporting and analysis tool that puts vital information in the palm of your hand anytime, anywhere.

Read more
Jan 12, 2014

In the aftermath of catastrophe, we help clear the way so communities can move forward. Our team relies on a tried-and-tested strategy that allows us to recover, transport, prep and auction vehicles with speed and efficiency.

Read more
Jan 11, 2014

There’s more to IAA than auctions. Our I-Buy FastSM option allows buyers to view and purchase vehicles online at any time. They get the item they want, and sellers move inventory. It’s win-win.

Read more
Jan 10, 2014

There are times that call for a quick, guaranteed bid. Whether it’s a partial-loss conversion, denied coverage, subrogation file closure or owner-retained salvage, BidFast® provides an accurate valuation solution with a written 60-day guarantee.

Read more
Dec 30, 2013

Knowing what’s happening now and what’s coming down the line is smart business. In this edition of OnTrack, we share that knowledge with you by exploring the topics that matter to our industry — from in-depth analysis of fuel-efficiency standards to IAA’s award-winning technological offerings.

Read more
Dec 12, 2013

In the Quarter 3 Charity Views, we delve deeper into topics that provide usable and unique insight for a strong holiday campaign: This edition includes an encouraging positive Quarter 3 Donation Division report, the benefits of a strong partner in a marketing campaign and a comparison of monetary giving versus other forms of giving.

Read more
Dec 3, 2013

Specialty segments faced downward pricing pressure in Quarter 3 from a confluence of seasonal factors and weak metal prices. However, a slowing improving economy, and stronger construction and housing markets helped boost year-over-year performance in all segments.

Read more
Dec 3, 2013

Despite notable growth in GDP (2.8%), the Federal Reserve decided to continue its monthly bond buying program in Quarter 3 2013. The valuation of the U.S. dollar was depressed as a result, which helped to support metal prices during the quarter. Meanwhile, new-vehicle sales hit levels unseen since 2007, as U.S. drivers replaced their aging vehicles with newer models.

Read more
Dec 3, 2013

A shift in vehicle mix toward slightly newer, lower-mileage units helped increase year-over-year average selling prices for Remarketing Division vehicles.

Read more
Oct 18, 2013

Foreign demand and U.S. dollar movements led to a dynamic environment for salvage price indicators throughout July and August.

Read more
Oct 11, 2013

This edition of Charity Views is focused on planning and performance. Topics taken on include: the strategy behind a successful social media presence; planning for a successful holiday campaign; the science of giving and the salvage industry performance for Quarter 2 of this year. 

Read more
Oct 10, 2013

Salvage values softened in the first half of 2013 due to shifts in several macroeconomic factors. Low and Mid Grade vehicle values were negatively affected by falling crushed car and metal prices, a consequence of rising U.S. dollar value. Sinking used-car prices, a result of increasing supply, weighed on Mid and High Grade values.

Read more
Oct 10, 2013

Performance and measurement – it’s what we look to after we pass the midpoint of 2013. We want to see how the economy, the industry and the company measure up. In the fourth edition of IAA’s OnTrack we are putting industry numbers front and center, including: America’s driving habits and its impact, our six-month salvage industry update, and the speed at which we respond to catastrophic weather events.    

Read more
Sep 23, 2013

The U.S. economy continued its recovery pattern in Quarter 2 2013 with GDP, housing starts and new vehicle sales showing positive trends. However, elevated U.S. dollar values weighed on metal prices which created a turbulent market for donated vehicles.

Read more
Aug 21, 2013

Specialty segments incurred quarterly price gains as rising consumer sentiment and positive growth in the housing and construction industries counteracted weakened metal prices.

Read more
Aug 21, 2013

The average selling price of Remarketing Division vehicles increased on a year-over-year basis and reached its highest level for the year in May.

Read more
Aug 9, 2013

Scrap prices saw continued declines as weak steel demand applied downward pressure. Metal prices faltered as well, due in part to a strengthening U.S. dollar. Used-car prices followed seasonal declines as recovering supply continues to weigh on used-vehicle value.

Read more
Jul 12, 2013

In the latest edition of Charity Views, IAA focuses on identifying and understanding the obstacles that currently – or could potentially – obfuscate the donation process. Key topics include tax reform legislation, marketing analysis and a deeper dive into vehicle donation performance metrics influencing the marketplace.

Read more
Jul 11, 2013

The latest issue of OnTrack is all about integration and how today’s technology makes it more crucial than ever. In particular, we focus on electronic payment systems and mobile access to a company’s services—two things customers expect in this age of handheld devices. We examine those topics, as well the potentially resurgent full-size sedan segment, in this edition of OnTrack.

Read more
Jun 6, 2013

Seasonal and market trends led to mixed performance for salvage price indicators during March and April. Strengthening domestic manufacturing and housing markets boosted whole crushed auto-body prices, while tepid demand and oversupply put downward pressure on aluminum. Platinum prices were negatively impacted by mitigated supply concerns and a devaluing of gold, and used-car prices continued their year-over-year declines.

Read more
Jun 3, 2013

An aging vehicle population coupled with waning platinum, aluminum and scrap metal markets put downward pressure on average prices of donated vehicles at auction in Quarter 1.

Read more
May 15, 2013

The pursuit of fuel efficiency means advancements in the automotive industry happen faster than ever. As always, IAA is here to help you keep pace. In this edition of OnTrack, we cover the move toward lighter, greener and more connected vehicles: the metals they’re made of, the drivetrains that power them and the infotainment systems consumers increasingly demand in them. Plus, we detail IAA’s latest efforts to serve our customers even better.

Read more
May 6, 2013

A confluence of factors including the improving economy, spring buying season and inventory needs helped propel the Truck, Trailer, Boat and Motorhome segments to Quarter 1 average price gains.

Read more
May 1, 2013

Sandy's effects on used vehicle prices waned in the first quarter of 2013, weighing on the average selling price of Remarketing Division vehicles.

Read more
Apr 23, 2013

Salvage indicators were mixed in the first months of 2013. Whole crushed auto-body and aluminum prices fell due to waning export demand and continued oversupply; however, platinum prices rose on continued labor concerns.

Read more
Mar 27, 2013

In the latest edition of Charity Views, IAA takes a look at the preparation necessary to excel in vehicle donation, and what some charities are doing to stand out from the crowd. Additional topics include: a recap of IAA’s Q4 Charity Quarterly Report, vehicle donation tax law, what motivates people to donate to charity and highlighted vehicles that have generated impressive returns.

Read more
Mar 20, 2013

The market for automotive salvage was somewhat mixed during the first half of 2012, before leveling off in the second half of the year. An increase in the value of the dollar in the summer put downward pressure on the price of metals impacting the value of Low and Mid Grade vehicle values. Used-car prices fluctuated throughout the year due to seasonal impacts, supply increases and the impacts of Sandy. The value of High Grade vehicle values followed suit.

Read more
Mar 5, 2013

From extreme weather to regulatory changes, the moving parts of the automotive salvage industry never stop. The latest issue of OnTrack examines the dynamics affecting our industry, and the impact they may have on your business as we move forward. We’re also proud to reflect on our work with the state government of New Jersey in helping to ensure the proper titling of storm-damaged vehicles in the wake of Sandy.

Read more
Feb 26, 2013

The discussion of Sandy is usually framed in terms of sheer volume and overall impact. But what did it take to address those numbers? The Catastrophe Event | Sandy Report gets under the data and talks about the strategy, recovery and on-the-ground performance behind the effort.

Read more
Feb 15, 2013

Specialty segments in Quarter 4 incurred dynamic price changes as a result of seasonal softening trends, mixed economic indicators and forecasts of 2013. The Truck and Equipment segments saw quarterly price increases while Trailer, Boat, and Motorhome prices fell with seasonal price patterns.

Read more
Feb 13, 2013

The Charity Quarterly Report examines factors influencing the vehicle donation market. In Quarter 4 the economy took a step backward in its continued recovery despite improved consumer spending, causing existing uncertainty in the market to persist. Meanwhile the market for donated vehicles reflected the uneasiness of the market with sale prices declining for the first time in 2012.

Read more
Jan 30, 2013

Sandy propped up used-vehicle prices in the fourth quarter, positively affecting the average selling price of Remarketing Division vehicles.

Read more
Jan 30, 2013

Economic indicators of salvage vehicle prices displayed varyig price movementsin November and December.  Seasonal vehicle trends, the fiscal cliff, and actions by the Federal Reserve were largely responsible for oscillating prices.

Read more
Dec 19, 2012

In the latest edition of Charity Views, IAA takes a deeper look at the importance of the holiday season for charitable fundraising, and how digital giving is influencing the industry. Additional topics include: operating vehicle donation programs in the wake of natural disasters, successful trends in marketing vehicle donation, highlighted vehicles that have generated impressive returns and some basic tips on vehicle donation that any charity will find useful.

Read more
Dec 6, 2012

Economic indicators displayed dynamic effects throughout September and October, as monetary policy, the global economy and natural disasters interacted with commodity prices to cause numerous monthly shifts in price trends.

Read more
Dec 6, 2012

As IAA continues to assist our clients affected by the recent storms in the Northeast and Mid-Atlantic, OnTrack offers a timely look at our new Title Services suite, and how it can simplify the title procurement process. The latest issue also explores the impact of technological progress on vehicle safety, the importance of investing in the future of the automotive industry and IAA’s commitment to participating in industry events.

Read more
Nov 14, 2012

The Charity Quarterly Report examines factors influencing the vehicle donation market. In Quarter 3 the economy grew at a faster rate than the previous two quarters of 2012, but signs of uncertainty continued to exist in the market. Meanwhile the market for donated vehicles remained relatively robust with sale prices increasing 1.9% from Quarter 3 of the previous year.

Read more
Nov 6, 2012

The average selling price of Remarketing Division vehicles rose slightly year-over-year despite downward pressure from falling used-car prices and a continuing trend of older, higher-mileage vehicles.

Read more
Nov 6, 2012

Quarter 3 specialty segments saw decreasing prices in accordance with seasonal trends following a strong summer sales period. A strengthening economy helped boost Boat, Motor Home and Trailer segments to year-over-year price increases.

Read more
Oct 1, 2012

The Charity Insight report takes a look at factors influencing the vehicle donation market. In the first quarter, encouraging economic news that began at the end of 2011 continued into the first quarter of 2012, although somewhat tempered. Vehicle donation sale prices maintained their seasonality in the first quarter and increased sharply from Quarter 4 2011.

Read more
Oct 1, 2012

The Charity Insight report takes a look at factors influencing the vehicle donation market. As the U.S. economy moved into Quarter 2 2012, certain indicators brought about uncertainty among market participants. Vehicle donation sale prices maintained their seasonality in the second quarter and posted modest gains against Quarter 1.

Read more
Oct 1, 2012

In this edition of Charity Views, IAA dives deeper into the information, events and economics that influence vehicle donations. Topics covered include: a synopsis of the most recent Quarterly Charity report by the numbers, as well as the semi-annual overarching vehicle salvage industry report; directional tips by current vehicle donation programs; highlighted vehicles that have generated big numbers; and, success stories that were made possible through donation. 

Read more
Oct 1, 2012

The economic indicators of automotive salvage generally weakened in July and August as used vehicle values and metal prices continued to decline.

Read more
Sep 27, 2012

Quarter 2 brought a very healthy environment for prices. Continued demand for freight helped support prices in the Truck and Trailer segments, while an improved construction industry helped maintain prices in the Equipment segment.

Read more
Sep 19, 2012

The August/September 2012 edition of IAA On Track takes a look at the news and information impacting the salvage vehicle industry, most notably a synopsis of its mid-year industry report. This edition also takes a look at the burgeoning Black Hills Motor Classic in Sturgis, S.D., IAA’s enhanced CAT capabilities, and the company’s continued community involvement via industry associations and charitable events. 

Read more
Sep 7, 2012

A favorable market for salvage in early 2012 normalized in the summer months as U.S. economic growth slowed and unemployment remained high. Platinum and aluminum prices peaked in February before falling due to a strengthening U.S. dollar. Used car prices topped out in March and subsequently made their seasonal descent. Regardless, salvage values remained near historic highs during the first half of the year.

Read more
Sep 6, 2012

As new vehicle sales volume remained strong in the second quarter, trade-in volume continued to grow loosening what was a very tight supply of used vehicles. The increased supply of used vehicles has led to normalized used vehicle prices.

Read more
Aug 29, 2012

Several economic trends relating to automotive salvage continued through the end of the first half of 2012.

Read more
Jul 11, 2012

With news that spans from local to international, this edition of IAA On Track captures the events and activities surrounding the company. Articles include: CEO Tom O'Brien's column discussing IAA's company arc over its 30 years of operation; its ‘green' approach to business operations; Auction Center updates; and, the support of a children"s charitable organization.

Read more
Jun 12, 2012

The changing economy during the opening months of 2012 is beginning to impact benchmarking trends in automotive salvage.

Read more
May 29, 2012

As the economy continues to recover, the Truck, Trailer and Equipment segments improved year-over-year while the Boat and Motor Home segments continued to struggle.

Read more
May 14, 2012

Average selling prices of vehicles in the Remarketing Division increased significantly during Quarter 1, despite the average age and mileage of these vehicles remaining high.

Read more
Apr 16, 2012

Whole crushed auto body prices remained near historic highs in January and February while platinum and aluminum prices rebounded from their losses at the end of 2011.

Read more
Apr 3, 2012

As IAA celebrates its 30th anniversary this year, On Track is featuring special coverage of the people, events and ideas that have made the last three decades so successful.

Read more
Mar 16, 2012

The market for automotive salvage was favorable during the first half of 2011, but shifted slightly during the second half of the year. A weak U.S. dollar help to elevate commodity prices and a tight supply of used cars coupled with increased demand put upward pressure on the value of these vehicles at auction. However, the value of the dollar strengthened as the year progressed and put downward pressure on commodity values. Nevertheless, at year"s end, salvage vehicle prices remained near historic highs.

Read more
Mar 12, 2012

The truck segment continued to fare extremely well, with prices making considerable gains. The Trailer and Equipment segments performed with relative stability thanks to increased freight and sustained demand for construction equipment from India and China. Finally, the Boat and Motor Home segments experienced a fairly weak Quarter 4 as consumers have been unwilling to spend on big-ticket items.

Read more
Mar 9, 2012

Despite the continued decline of aluminum and platinum platinum prices and a strengthening U.S. dollar, crushed auto body prices finished the year strong. Used car prices were mostly unchanged and remained elevated by historical standards.

Read more
Mar 9, 2012

The average age and mileage of vehicles in the Remarketing Division increased fairly significantly during Quarter 4, which helped contribute to lower selling prices of these units.

Read more
Jan 18, 2012

When it comes to building its buyer base, IAA is always thinking global. Dan Oscarson, IAA's vice president of global buyer marketing, visited Georgia in the fall to connect prospective buyers there and throughout the Caucasus region, which includes Georgia, Armenia and Azerbaijan, with IAA's services. On Track spoke with Oscarson about the trip and how IAA's Dual Platform Auction Model bolsters participation in IAA auctions around the world.

Read more
Dec 5, 2011

Aluminum and platinum prices fell during September and October while crushed auto bodies remained near historically high levels. Used car prices moderated sightly, as did buyer sentiment.

Read more
Dec 5, 2011

Overall average sale prices of Remarking Division vehicles fell in July and August before rebounding in September to reach their highest levels for the year.

Read more
Dec 5, 2011

Truck prices softened slightly in Quarter 3, but remained above prior year levels. Trailer prices held on, increasing both on a month-over-month and year-over-year basis, as demand for freight still exists amid a slowly growing economy.

Read more
Nov 30, 2011

Buyers from around the world participate each week in IAA's specialty salvage auction, which is divided into five areas: trucks, trailers, equipment, boats and motor homes. Increased buyer participation has translated into more sales. The Specialty Division has nearly tripled its annual sales volume since moving to a live-online auction format from a sealed bid system in 2006.

Read more
Oct 6, 2011

Market fundamentals remained favorable for automotive salvage during July and August.

Read more
Oct 6, 2011

IAA's mobile-friendly website and enhanced online vehicle search options offer new ways for buyers to find and bid on vehicles, promoting strong returns at auction.

Read more
Sep 14, 2011

At the beginning of 2011, IAA released its 2010 Full Year Salvage Report, which provided a performance overview of the automotive salvage industry during 2010. The first six months of 2011 have been forged by events like the Japanese earthquake, oil and other commodity price spikes, not to mention the nation"s slowing economic recovery. As the industry continues to move through these uncertain times, IAA is releasing its 2011 Salvage Report | Six Month Update, which outlines the major trends in the industry over the first half of 2011.

Read more
Aug 22, 2011

May and June proved to be a slightly more volatile period compared to the past year as several trends in metals and energy prices, currencies, and used car prices exhibited possible temporary reversals.

Read more
Aug 11, 2011

Sale prices in the Remarketing Division were up over the first quarter 2011 but down from prior year thanks to older units with higher mileage.

Read more
Aug 11, 2011

The truck segment demonstrated the strongest performance during Quarter 2 with substantial gains in sale prices, followed by the trailer and equipment segments.

Read more
Jul 1, 2011

Forecasters are predicting a wild hurricane season, and IAA's Catastrophe Response team is at the ready to handle the increased total-loss claims the storms may bring.

Read more
Jun 14, 2011

Automotive salvage market indicators trended upwards once again in March and April of 2011 as the value of the U.S. dollar continued to fall.

Read more
May 20, 2011

The scrap market as a whole remained healthy, supported by elevated metal prices, while the Truck and Trailer segments of IAA's inventory demonstrated the strongest performance.

Read more
May 18, 2011

After a year that saw historic highs in nearly every month, average sale prices of Remarketing Division vehicles dipped in the first quarter of 2011.

Read more
May 4, 2011

Whole crushed auto body prices reached historic highs in February and we believe that the rise in prices was assisted by the continued weakness of the U.S. dollar. The dollar fell in January against each of the four foreign currencies tracked in this report, and its decrease likely aided the high platinum and aluminum prices, which rose in January and February. Used car prices remained elevated as well, as tight supply and strong demand put upward pressure on wholesale prices. The average price of a gallon of gasoline rose considerably in January and February as well.

Read more
Apr 18, 2011

Information on economic indicators related to the industry and the performance of the IAA Remarketing Division over the past three years.

Read more
Apr 11, 2011

An overview of the performance of the U.S. economy, the automotive industry, and the market for salvage during 2010.

Read more
Mar 25, 2011

Dan Oscarson, IAA’s vice president of global buyer marketing, traveled to Ghana and Nigeria last year to expand IAA’s growing base of buyers in the region. The market for U.S. salvage vehicles in West Africa has grown steadily in recent years and activity has picked up dramatically since Oscarson’s visit.

Read more
Feb 25, 2011

The following report contains information on economic indicators related to the salvage industry as a whole and the performance of the IAA Specialty Division over the past few years. The first portion of the report details how some of the external factors that impact the salvage industry have been performing in recent years, with specific focus on Quarter 4 2010. The second portion contains a Quarter 4 overview of the performance of IAA’s five specialty segments: Truck, Trailer, Equipment, Boat, and Motor Home.

Read more
Jan 31, 2011

The last month of 2010 brought increases nearly across the board to the economic indicators of the salvage industry. The U.S. dollar continued its November gains on the back of persistent concerns about the health of debt-laden euro-zone countries.

Read more
Jan 5, 2011

The month of November brought the first average gains for the U.S. dollar since June, as investors flocked to the dollar due to the escalating debt crisis in Europe. The uptick in the dollar caused metals prices to level off from their earlier gains, and whole crushed auto body prices rebounded from their October decreases, aided by rising scrap steel prices.

Read more
Dec 22, 2010

The story of September and October centers on the decline of the U.S. dollar in the face of continued sluggish economic data and the announcement that the Federal Reserve will take more action to prop up the economy.

Read more
Oct 18, 2010

IAA’s segmented marketing and auction approach enables us to target and match buyers with the specific salvage they’re looking for. Whether they want heavy equipment, luxury cars, flood-damaged cars, parts vehicles, motorcycles or anything in between, they can find it at IAA.

Read more
Oct 8, 2010

Many of the key economic indicators of the automotive salvage industry trended positively during the month of August.

Read more
Oct 5, 2010

An update of the IAA 2010 Salvage Report, illustrating how the first half of 2010 brought a favorable economic environment to the market for salvage.

Read more
Sep 10, 2010

The following report contains information on economic indicators related to the salvage industry and the performance of the IAA Specialty Division over the past three years. The first portion of the report details how some of the external factors that impact the salvage industry have been performing in recent years with specific focus on Quarter 2 2010. The second portion contains an overview of the performance of the five specialty segments which include: Boat, Equipment, Motor Home, Trailer, and Truck.

Read more
Sep 8, 2010

The mixed results of certain key salvage indicators in the month of July mirrored the uncertainty faced by many as to the pace and direction of the global economy.

Read more
Jul 29, 2010

The movement of economic indicators of the salvage industry in June imitated many of the same changes as the previous month.

Read more
Jul 23, 2010

Generally, IAA's High Grade vehicles have minimal damage and are ready to be repaired and sold. The value of these vehicles largely mirrors wholesale used vehicle prices. Between November 2008 and June 2009, wholesale used-vehicle prices increased steadily, while the value of High-Grade vehicles followed suit. High-Grade vehicles continued to gain momentum through June 2010.

Read more
Jun 15, 2010

The following report contains information on economic indicators related to the salvage industry and the performance of the IAA Specialty Division over the past three years. The first portion of the report details how some of the external factors that impact the salvage industry have been performing in recent years with specific focus on Quarter 1 2010. The second portion contains an overview of the performance of the five specialty segments which include: Boat, Equipment, Motor Home, Trailer, and Truck.

Read more
Jun 1, 2010

As expected, some economic indicators level off in May, however those indicators as well as salvage performance continues to remain above prior-year levels.

Read more
May 28, 2010

Mid Grade vehicles, which range from those that are purchased for used parts to those that can be repaired, comprise the largest portion of IAA's inventory. The Producer Price Index for Intermediate Materials (PPIITM), which measures the average change in selling prices for diesel fuel, engine belts and other materials, affects the value of Mid-Grade vehicles.

Read more
May 25, 2010

The salvage industry experienced a continued favorable economic environment during the month of April as crushed auto body and scrap prices continued to rise.

Read more
May 5, 2010

Unlike many industries impacted by the financial crisis and recession, salvage was quick to rebound and exhibit signs of positive performance during the first quarter of 2010.

Read more
Apr 20, 2010

IAA recently completed a detailed analysis of the auto salvage industry for 2008 and 2009 — an invaluable educational tool for vehicle providers. The IAA 2010 Salvage Report examines the most significant events that occurred in the U.S. economy during that time; the major events that happened in the auto industry as a whole and what they may mean for the salvage industry in the future; how we segment our vehicles at IAA to attract more buyers, increase competition and optimize returns across all salvage segments at the live event; and how the economy has influenced all salvage segments.

Read more
Mar 24, 2010

A two-year overview of the auto salvage industry, outlining how it has been shaped by an increasingly dynamic economic environment.

Read more
Feb 28, 2010

IAA’s Specialty Division sells thousands of pieces of heavy equipment, trucks, boats, recreational vehicles and other salvage units to buyers in the United States and overseas every year. Although the specialty and automotive salvage markets have their own unique characteristics, some of the economic factors that influence automotive salvage volume and prices also affect specialty salvage.

Read more
Oct 31, 2009

IAA continues marketing and selling to buyers across the globe, making international borders invisible while moving more vehicles throughout the world. We are leveraging new opportunities in global markets, including the Middle East and Western Europe, where buying activity is strong.

Read more
Oct 31, 2009

In the first three quarters of 2009, Insurance Auto Auctions has seen dramatic improvements in buyer participation and selling prices.

Read more
Aug 31, 2009

The decline in the U.S. economy appears to have slowed as indicated by better than expected second quarter GDP.

Read more
Jul 31, 2009

The success of IAA’s auction model, which combines live and liveonline auctions, demonstrates there will always be a prominent place for live physical sales. Many buyers prefer to personally inspect the vehicles they purchase at the time of sale. They want to look under the hood, kick the tires and see vehicle damages up close.

Read more
Jun 30, 2009

Overall the U.S. economy continued to shrink through May and June with the gross domestic product declining and job loss continuing.

Read more
Apr 30, 2009

As the Automotive Salvage industry moves into 2009, the market continues to be challenging. Although some recovery is beginning to show with scrap prices, several indexes remain in flux.

Read more
Feb 28, 2009

The Automotive Salvage Auction Industry entered 2009 carrying the baggage of 2008's dynamic factors including the U.S. automakers despair, used car prices, gas prices, U.S. dollar value and scrap metal prices.

Read more

PLEASE NOTE:
The auto salvage industry as discussed in these documents refers to the industry as experienced by IAA. IAA does not possess data on the performance of other salvage industry companies; therefore these analyses are based on how different economic factors impact the performance of vehicles sold through IAA's auctions.

The statements contained in these reports and oral statements by the company in connection with these reports that are or were not historical facts are or were forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual subsequent results to differ materially from the results projected, expressed or implied by the forward-looking statements at the time they were made. Factors that could cause or contribute to such differences include those matters disclosed in the company's Securities and Exchange Commission filings. The company does not undertake any obligation to update any forward-looking statements.