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From Seller To Buyer: Shipping Details For Ebay Auctions
Shipping details for purchases over eBay is actually a misnomer. eBay is not responsible for the shipping details of an item. First of all, it should be duly noted that eBay is an online market/transaction facilitator. It merely becomes a means for the ...
Online Auctions: 10 Secrets You Should Know Before Bidding
Yes! You know many online auction sites. 'Course you may have participated in some of the biddings. The next time you decide to bid for a product or a service, do remember these vital online auctions secrets and tips. 1. Important to know the value of ...
Storing your categories when looking for ebay auctions in the future
Currently, each month there are over 14 million people whom are looking for ebay auctions online in order to purchase goods and services without having to leave the comfort of their own home. If you are one of those shoppers looking for ebay auctions ...
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Insurance Auto Auctions, Inc., a leading provider of automotive salvage and claims processing services in the United States, today announced record vehicle returns during the second quarter.
IAA's dual bidding strategy has continued to drive more buyers to the Company's auctions than ever before, resulting in increased bidding activity and higher vehicle returns for its insurance company suppliers.
"Combining the feedback we have been receiving from our customers with our internal data, we believe our vehicle returns were the highest in the industry during the quarter, which we feel is a direct result of our dual bidding platform and improved levels of customer service," said Tom O'Brien, CEO. "On average, our returns have increased more than $300 per unit compared to 2003, providing a significantly better return for our insurance company suppliers. Our live auctions, most of which feature Run & Drive(R) auction lanes, are supplemented with our state-of-the-art Internet bidding capability, giving our growing customer base the flexibility to see and bid on our vehicles up close or through the Internet from anywhere in the world in a real-time setting. Enthusiastic buyer support of our auction model is clearly evident from the increase in buyer participation we have experienced, both at live auctions and via the Internet. By encouraging more buyers to come on to our bidding platform than ever before, we believe that during the quarter we were able to generate more bidding activity and the highest vehicle returns in the industry."
Commenting further on the Company's recent operating performance, O'Brien said, "We haven't missed a beat throughout the organization since the close of the Kelso & Company acquisition in late May. The transaction has allowed us to focus even more of our time and energy on improving our operations and service levels to our customers, translating into much higher returns for our suppliers and higher profits for IAA. The Company generated revenues of $71.9 million in the second quarter, compared with $60.0 million in the same quarter of 2004. Gross profit margins improved to 26% in the second quarter, up from 22% in the same quarter of last year. We also continued to strategically expand during the quarter, specifically in
Jacksonville, Altoona and Charleston, providing IAA with a greater geographic reach to meet the needs of our current and potential customers. Going forward we will continue to target new strategic opportunities that will further increase our buyer base and maintain our momentum of generating significantly higher returns."
S-4 Filing: Insurance Auto Auctions also filed an S-4 today that provides supplemental financial information to the results provided herein. Please refer to this document for additional financial information about the Company and its quarterly results.
About Insurance Auto Auctions, Inc.: Insurance Auto Auctions, Inc., founded in 1982, a leader in automotive total loss and specialty salvage services in the United States, provides insurance companies with cost-effective, turnkey solutions to process and sell total-loss and recovered-theft vehicles. The Company currently has 80 sites across the United States.
Additional information about Insurance Auto Auctions is available on the World Wide Web at:
http://www.CarLackey.com
http://www.AutoLackey.com
http://www.RichLackey.com
Please Help Hurricane Katrina Victoms below: Visit "RED CROSS" by using the link below... http://www.redcross.org/
Victims of Hurricane Katrina are attempting to recover from the massive storm that is still making its way across the Mid-Atlantic States. American Red Cross volunteers have been deployed to the hardest hit areas of Katrina's destruction, supplying hundreds of thousands victims left homeless with critical necessities. By making a financial gift to Hurricane 2005 Relief, the Red Cross can provide shelter, food, counseling and other assistance to those in need. http://www.redcross.org/
About the Author
My name is Lance Groom and I am formally from the Hit TV Show "Making Money", also past board member for "Susan Powter" health fitness, and Infomercial guru. In 2001 I led one of the largest advertising campaigns in over 6,000 newspapers. This campaign resulted in over 25,000 sales all over the world creating "Classified Millions".
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VINTAGE: Auction-Star Ferrari 625 TRCSPEEDtv.com(Photo: Wouter Melissen) The star of the various auctions during last week's Monaco Historic Grand Prix was this 1957 Ferrari 625 TRC sold for just over 5 million euro ($6.5 million) by RM Auctions. It is one of just two 500 TRCs built in period with ... |
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