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Tuesday, 10 October 2017 19:31

XLerate Group Hires COO

The XLerate Group announced that Pat Stevens has joined the company as chief operating officer.
Stevens began his auction career with ADT Automotive in 1994 as a fleet manager.  He joined ADESA in 2000 as general manager of ADESA Dallas.  At ADESA, he was promoted to regional vice president, West, then executive vice president, West.  
He has served the industry at both the regional and national levels of the National Auto Auction Association (NAAA), acting as NAAA Western Zone President and as a member of the Auction Standards Committee.  
Stevens graduated from Texas A&M University.

Published in Auctions
Monday, 09 October 2017 20:22

Midwest Chapter Wins NAAA PAC Cup

The Midwest Chapter of the National Auto Auction Association has won the NAAA Political Action Committee PAC Cup Challenge for the first time after contributing $10,000.
The PAC Cup will be awarded to the Midwest Chapter Board of Directors during the NAAA/NRC Convention in La Quinta, Calif.
Five years ago, the National Auto Auction Association created its own political action committee (NAAAPAC). The PAC Cup Challenge is designed to spur fundraising efforts. The name of that regional chapter will be engraved on a large trophy to honor the members’ efforts.
This year more than $30,000 was raised nationally.

Published in Auctions
Thursday, 29 June 2017 01:05

Auto Auctions Sell More Units

Sales of actual and projected used vehicles totaled 9.8 million units worth $100 billion at National Auto Auction Association (NAAA) member auctions last year, according to the trade organization's 20th annual survey.
The results showed that the number of vehicles entering the auctions increased by 2.3 percent to 17.7 million, and the number of units sold was up 4.6 percent over the previous year.
Dealer consignment vehicles represented the largest number of units sold at 52 percent, followed by fleet-lease and repo with 40.3 percent, factory vehicles at 6.5 percent, and 1.2 percent from other sources.
Conducted by CliftonLarsonAllen, LLP of Arlington, Va., for NAAA, the survey provides the most accurate picture available of the wholesale auto auction industry, with a 74 percent response rate representing 252 of NAAA member auctions. The reported total vehicles entered and sold, and the related gross values are projected to estimate the totals for all 342 NAAA member auctions.

Published in Auctions