Vehicle marketplace IAA says the expansion of its McAllen, Texas, branch doubles the branch’s capacity, in part to further manage potential volume that comes from catastrophic weather events in the area.
IAA and Copart announced expansions on Tuesday, as Copart said its addition of 35 acres to its existing Memphis, Tenn., 46-acre facility provides the company “with further capacity to serve Tennessee,” said Copart chief executive officer Jay Adair in a news release.
Copart said the expansion of the Memphis location means additional opportunities for auto enthusiasts, rebuilders and other buyers who will see more vehicles offered at the location that is now 81 acres and hosts vehicle auctions every Thursday at noon central time.
Copart said eligible buyers can use its VB3 online auction platform to bid on available inventory. They can also use the Copart mobile app, or during normal business hours they can bid at the location’s kiosks.
IAA said its expansion investment in its McAllen, Texas branch accommodates increased customer volume demands along with catastrophic weather event volume. The branch holds preview days on Mondays and sale days on Tuesdays.
“This expansion brings needed capacity to a branch which sits on the Gulf of Mexico, an area particularly prone to catastrophic weather events,” IAA chief executive officer and president John Kett said in a news release. “We remain diligent and consistent in making strategic investments to meet our customers’ needs and to provide a better experience for them.”
“This expansion will greatly increase our operational capabilities and readiness for increased volume in the Texas Gulf Coast region,” said IAA senior vice president, U.S. branch operations Scott Guenther.