The young generation’s seemingly endless parade of “apps” for everything under the sun has even found its way to the old salts who work in the salvage auto auction businesses.
Carmel-based KAR Auction Services, which is known for its chain of Adesa auto auctions, also owns a unit known as Insurance Auto Auctions, which finds buyers for wrecks.
IAA just introduced an application for Apple devices that allows salvage buyers to pay for vehicle purchases online, via a U.S. bank account.
The so-called I-Pay app will also be made available for Android devices later this year.
This is supposedly a first for the salvage vehicle auction business.
Customers of IAA have been able to actually bid on a vehicle via an app since December 2011.
Apps have also found a philanthropic purpose, in charitable auctions.
Indianapolis-based tech firm BidPal has for the last several years been creating software that allows those attending charitable auctions to bid and to pay via one’s wireless phone.