Salvato, the smarter auction for insurance vehicles, is pleased to announce that two additional insurance carriers have joined its growing network. These additions will further expand the volume of salvage vehicles on Salvato Auctions, with the company’s first auction beginning August 7.
Salvato streamlines total-loss-vehicle management from assignment to auction. Its modern, digital-first Salvato TLX platform helps insurers and claims leaders manage:
- Vehicle assignment and intake
- Lien release through an exclusive partnership with Loss Express
- Title transfer leveraging digital title
- Online auctions
Leveraging a digital-first approach and decentralized yards, Salvato reduces cycle time by 2 to 6 weeks on every total loss claim, and improves net salvage returns for insurers by $300+ per vehicle.
“We are thrilled to welcome two additional insurers to Salvato, building on our momentum as we work to build a better total loss experience,” said Peter Jebson, Co-Founder and CEO, Salvato, Inc. “This announcement marks another step forward in our mission to modernize total-loss auctions and deliver better outcomes for insurers and buyers.”
The addition of two additional insurers will translate to more vehicles being auctioned on SalvatoAuctions.com, and more Salvato Auctions vehicles featured on popular bidding platforms like Bid Buddy and BidCall Direct that reach thousands of buyers daily. Salvato Auctions features 100% insurance vehicles, auction fees that are 20% to 40% lower than Copart and IAA, and no registration fee. The first auction begins at 9:00 am CT, August 7, and closes at 9:00 am CT on August 13.
About Salvato, Inc.
Salvato, Inc. is revolutionizing insurance vehicle auctions by connecting sellers, buyers, and towing & transport companies in a smarter model that delivers better financial outcomes for everyone involved. To learn more, visit SalvatoInc.com or register for upcoming auctions at SalvatoAuctions.com.
Media Contact:
media@salvatoauctions.com
