Acquisition of J.M. Wood
RB Global announced the acquisition of J.M. Wood for approximately $235 million, enhancing geographical coverage in Alabama and adjacent states and bringing a talented team of sales professionals onboard.
Increase in Automotive GTV
Automotive GTV increased by 2% due to a 7% increase in unit volumes, driven by strong organic growth from existing partners and year-over-year increase in salvage market share.
Successful IAA Industry Leadership Summit
The summit shattered attendance records and led to new partnerships, including with Direct Line Group in the UK as their sole salvage provider.
Service Revenue Take Rate Increase
Service revenue take rate increased approximately 150 basis points year-over-year to 22.3%, driven by a higher average buyer fee rate.
International Buyer Growth
Continued success in attracting new international automotive buyers, with a record high percentage of vehicles sold to international buyers.