Business

IAA opens new auction center in Southeast Asia

Posted October 11, 2022 11:00 pm

WESTCHESTER - IAA Inc. said it has formed a business alliance with Oversea Auto & Shipping in Cambodia. This business will operate an IAA Auction Center in the densely populated capital city of Phnom Penh, providing local services and assistance to help buyers to purchase vehicles efficiently from IAA.

Oversea Auto & Shipping will offer services such as bidding assistance, transportation, shipping and importing, which can help to reduce risk and increase convenience for new buyers, IAA said.

IAA is a global digital marketplace, featuring physical and online auctions that connect vehicle buyers and sellers.

"IAA is rapidly expanding our network of international auction centers to help connect with more buyers worldwide," said John Kett, CEO and President of IAA. "This alliance will help meet the needs of this strategically located, growing buyer base in Southeast Asia."

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