Tuners Auctions has entered into a three year contract renewal with IAG New Zealand, the country’s largest general insurer.

The newly signed pact will cover the management and disposal of all written-off vehicles, trucks, personal property, plant and machinery.

IAG expects selling 12,000 – 13,000 vehicles and assets each year under the contract. It consigns the vehicles to Turners Auctions that in turn, sells them at damaged vehicle auctions.