Wholesale: Auction News

Wholesale: Auction News (92)

America’s Group announced the appointment of Katie Polk as the new general manager of America’s Auto Auction Savannah.

Katie Polk, a Certified Automotive Remarketer, brings over 15 years of invaluable experience to her new role. Her journey began in 2009 with Southeastern Auto Auction, where she held various key positions, including Office Administrator, Dealer Sales Representative, Fleet/Lease Coordinator, and National Remarketing Manager. Her dedication and hard work culminated in her recent promotion to General Manager.

Throughout her tenure, Polk has played a pivotal role in the growth and success of America’s Auto Auction Savannah.

Brian Thomas, America’s Group SRVP, expressed his confidence in Polk’s abilities, stating, “Katie’s extensive experience, industry knowledge, and unwavering commitment to excellence make her the perfect fit for this role. We have no doubt that under her leadership, America’s Auto Auction Savannah will continue to thrive.”

Polk said, “I am truly honored to take on this new role and am enthusiastic about the opportunities that lie ahead. I am committed to upholding the high standards of professionalism and service that our customers have come to expect from America’s Auto Auction Savannah.”

Polk is a graduate of Georgia Southern University and currently serves as co-chair of the IARA social media sub-committee. She resides in Richmond Hill with her husband Daniel and their son Thomas Daniel.

Westlake Financial Remarketing recognizes the winner of their 2023 Auction of the Year Award and the Top 4 Regional Auction Performers.

2023 Nationwide Auction of the Year Winner:

  • Manheim Central Florida

2023 Top Regional Auction Performers:

  • South Central: 166 Auto Auction
  • Northeast: Manheim Baltimore-Washington
  • Southwest: ADESA Salt Lake
  • Midwest: America’s AA Columbus Fair

“Congratulations to Manheim Central Florida on winning Auction of the Year. Their remarkable efforts and operational efficiency have allowed them to clear cars quickly while remaining Westlake’s 2nd largest auction by total volume,” says Michael Jari, Director of Remarketing at Westlake. “We’d also like to acknowledge the hard work of the Top 4 Regional Auction Performers. Their achievements are a testament to their diligence and steadfast performance in selling Westlake units this past year.”

Auctions are ranked based on efficiency and retention, with the top performers determined by the average score of Westlake remarketing units sold in 2023 and their ability to sell units at the highest Manheim Book Value percent.

“Our industry thrives because of partners like Westlake. Thank you to the Westlake Team and our Rep, Eddie Corrado, for this outstanding recognition,” stated Toni Williams, general manager of Manheim Central Florida. “The hard work and determination of our Central Florida Team made this achievement possible. Thank you for being diligent and committed to our processes, while showcasing the power of teamwork.”

Remarketing firm defi Managed Servicing Remarketing, the remarketing services of the Defi Solutions platform of products and services, is recognizing the relationship and contributions of partner Manheim San Antonio with its annual award for Auction of the Year.

The firm, Defi Managed Servicing Remarketing has presented the Auction of the Year Award for more than two decades through its National Quality Control Program. To qualify, an auction must be a member of the NAAA (National Auto Auction Association), be located within Defi’s preferred auction network, and outperform its peers within a designated calendar year.

Also being recognized are Carolina Auto Auction of Williamston, S.C., and America’s Auto Auction Kansas City of Kansas City, Mo., in second and third places respectively.

“Manheim San Antonio made an impressive showing this past year,” said Steve Bissett, Defi Solutions VP of client services. “Through quality of both service and customer experience offered by Manheim San Antonio our clients’ best interests were well represented.”

During these years of partnership, defi Managed Servicing Remarketing has been well-supported by experienced staff, leading technology, proven processes, and strong industry relationships, such as this partnership with Manheim San Antonio, and has been empowered to lower costs, shorten turnaround times, and maximize the resale price of off-lease and repossessed vehicles for its lenders.

“The team and I are ecstatic to be named Auction of the Year. Defi is an amazing partner. The collaboration and support we receive from defi Auction Manager Chris Colosi is incredible. We look forward to growing this relationship for years to come,” said Mike Browning, general manager.

GM Financial named five regional Auction of the Year winners for 2023, one Most Valuable Auction of the Year, and for the first time, awarded a Perfect Audit Score. These awards are part of GM Financial’s annual Auction of Excellence program recognizing the nation’s highest-performing auction locations.

“Congratulations to these top auction locations. The auctions we work alongside are a key reason why GM Financial is able to produce outstanding results throughout the year,” said Bob Winn, senior vice president of remarketing solutions.

Bob Win. 

“These top performers provided exceptional service and value for our dealer customers. Their hard work and GM Financial’s continued success are evidence of this honor being well deserved.”

Honorees were selected based on their auctions’ performance in retention, operational metrics, presale activities and overall auction operations.

The 2023 Most Valuable Auction of the Year is Manheim Pennsylvania — Manheim, Pa.

2023 Regional Auction of the Year Winners:

  • America’s Auto Auction Columbus Fair — Obetz, Ohio
  • Southern Auto Auction — East Windsor, Conn.
  • Manheim Dallas — Dallas, Texas
  • Manheim Nashville — Mount Juliet, Tenn.
  • Manheim Denver — Aurora, Colo.

The auction with the first Perfect Audit Score is America’s Auto Auction St. Louis — East St. Louis, Ill.

“Thank you for recognizing Manheim Pennsylvania with this prestigious award,” said Joey Hughes, Manheim Pennsylvania vice president and general manager.

“This honor is a testament to our team’s commitment and the trust our clients put in us to deliver the results they expect to achieve their business goals. We are grateful for our continued collaboration with GM Financial and look forward to continuing to exceed their expectations.”

America’s Auto Auction Charleston’s 23rd Anniversary Sale had a conversion rate exceeding 70% of consignment sold, underscoring America’s AA Charleston’s dedication to providing value and service to its clientele.

Dealers were treated to a complimentary breakfast and had the chance to vie for $30,000 in cash and prizes. Prior to and after the sale, participants could participate in a Greedy Board drawing for the opportunity to win up to $2,000. Additionally, a drawing was conducted at the conclusion of the sale, offering dealers a chance to win a grand prize of $10,000. The event saw the distribution of coveted prizes including YETI coolers, 54” televisions, and generous cash rewards to attending dealers.

Laura Taylor, general manager, expressed her gratitude, stating, “The success of our 23rd Anniversary Sale underscores our unwavering commitment to excellence and innovation in the automotive industry. As we commemorate this significant milestone, I extend my heartfelt appreciation to all participants, consignors, buyers, and staff, for their steadfast support and contributions to our ongoing success.”

With its mission to play a larger role in the buying, selling and servicing of vehicles by diversifying client offerings, Cox Automotive has named Alan Lang senior vice president of Physical Services and Auctions at Inventory Solutions. He will be responsible for guiding the reimagination of auction operations, processes and vehicle services to ensure that Cox Automotive is highly efficient, profitable and well positioned for future growth. Lang replaces Patrick Brennan who moved to Cox Automotive Mobility Solutions last year.

“Alan brings nearly two decades of experience to this position with deep knowledge in operations, finance, relationship building and creating high performance teams,” said Grace Huang, president, Inventory Solutions at Cox Automotive. “Alan’s ability to deliver on company and client goals will position Cox Automotive, Inventory Solutions and Manheim to continue leading our industry.”

Lang joined Cox Automotive in 2016 as Manheim divisional vice president. He was responsible for leading the development and execution of strategies to increase market share, revenue and client satisfaction for Manheim’s physical and digital marketplaces. Prior to this role, he served as senior vice president, operations and business development at NextGear Capital (formerly Dealer Services Corporation) where he oversaw the daily operations of a $1.9 billion portfolio.

Key areas that present the greatest opportunities for Cox Automotive and its clients include making the digital buying experience as good as seeing it in person; providing real-time, actionable data to help clients make more informed buying and selling decisions; and maintaining core services while preparing for EV growth. Lang will lead Manheim employees and cross functional leaders with a focus on these opportunities and delivering high-quality vehicle services, operational excellence and greater efficiencies that benefit clients. 

Ship.Cars, a logistics technology company, has formed a partnership with America’s Auto Auction Group. The group selected Ship.Cars for its cutting-edge transportation management system, LoadMate Pro, which will be implemented across all 38 of America’s Auto Auction locations.

“We are excited about this opportunity with America’s Auto Auction,” said Eftim Eftimov, president of Ship.Cars. “Our technology will not only streamline their operation but also contribute significantly to their growth.”

The group operates dealer-only wholesale auctions across the U.S., offering an extensive array of inventory from independent car dealers, franchise stores, fleet and leasing companies and financial institutions.

Joe Ruch, VP of operational excellence at AAA.

The implementation of LoadMate Pro will transform AAAG’s current transportation process, introducing a modernized, unified system throughout the enterprise.

“After a comprehensive evaluation of our options and strategy, we chose to partner with Ship.Cars,” stated Joe Ruch, vice president of operational excellence at America’s Auto Auction Group. “Their company ethos and leadership align perfectly with our values of transparency, compliance and data security throughout the automotive transportation process.”

In 2023, Ship.Cars integrated its technology with AutoIMS to make inventory transportation for AAAG auctions and the remarketing industry easier and more efficient. America’s Auto Auctions are now able to have inventory from their institutional consignors automatically loaded into LoadMate Pro for dispatch. This saves significant time as transportation managers can now dispatch the inventory to their network of providers with just a few clicks.

Greater Rockford Auto Auction, an independent auto auction in Illinois, is proud to celebrate 50 years in the auction business at the GRAA’lapalooza Anniversary Sale. The two-day event takes place Tuesday, June 25th and Wednesday, June 26th.

GRAA is thrilled to announce the 2024 GRAA’lapalooza headliner will be country music singer, Tyler Hubbard. With 21 No. 1 singles on country radio, countless awards, and sold-out tours, Hubbard has already had a remarkable career as a songwriter and half of multi-platinum duo Florida Georgia Line. Hubbard will take the GRAA’lapalooza stage on Tuesday, June 25th, with hits like “5 Foot 9,” “Dancin’ in the Country,” “Back Then Right Now,” and many more.

“We are honored to celebrate 50 years at a GRAA’lapalooza event that is bigger and better than ever,” says Chad Anderson, GRAA General Manager. 

The event will kick off at 4 p.m. Tuesday, June 25th with 200+ vehicles running. Following the sale there will be food and drinks provided by local food trucks. Hubbard will take the GRAA’lapalooza stage at 7 p.m. The celebration will not stop there, Wednesday, June 26th GRAA will welcome customers back for the main auction event with over 1,000 vehicles running from Fleet/Lease and Dealer consignors. Following the sale guests will have the chance to win big as $10,000 in prizes are given away. 

Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were down in February compared to January. The Manheim Used Vehicle Value Index fell to 203.8, a decline of 13.1% from a year ago. The index was down 0.1% against the month of January 2024. The seasonal adjustment magnified February’s results.

Manheim's Jeremy Robb.  

The non-adjusted price in February increased by 1.7% compared to January, moving the unadjusted average price down 11.0% year over year. “Though February activity was muted as we started the month, we saw more activity in the lanes at Manheim in the second half of the month and finished the last week of February with some of the strongest weekly gains in wholesale prices for many years,” said Jeremy Robb, senior director of Economic and Industry Insights for Cox Automotive. “Tax refunds have picked up over the last two weeks, with the average refund now 4% higher than 2023 levels at this time. This has put money into consumers’ pockets, and retail purchase activity is increasing. In turn, dealers are coming to the lanes and buying units at Manheim right at the start of the spring selling season for wholesale markets.”

Auto Auction Services Corp., more widely known as AutoIMS, announced that Ann Cammarata is retiring from her position as vice president of client success, effective April 1, 2024. Cammarata’s impact on the company and the remarketing industry was notable during her 8 years at AutoIMS. 

Cammarata joined AutoIMS in 2016 as director of client support and was promoted to VP of client success. Her leadership has been instrumental in driving AutoIMS’s growth and success, and ensuring AutoIMS has the best client support team in the remarketing industry

“Ann’s contributions to the success of AutoIMS on all three pillars have been simply invaluable,” said AutoIMS CEO, Venkat Krishnamoorthy. “Ann has a get-it-done attitude and was always available to mentor everyone that needed guidance. She simply made AutoIMS awesome with her years of invaluable industry experience. Ann shared her retirement plans with me almost a year prior to the upcoming April 1 date. It shows that she truly cared about ensuring that we have a seamless transition when she eventually retires.” 

Cammarata plans to step down on April 1 and looks forward to pursuing her newfound love of baking, enjoying time with family, and embarking on new hiking adventures with Rick, her spouse of 33 years.

“Celebrating the end of a chapter and the beginning of a new adventure fills me with gratitude and excitement as I transition from the corporate world to the sensational journey of retirement,” Cammarata said. “Over nearly four decades, the automotive industry has not only been my professional arena but also the grounds where lifelong friendships were forged.”

AutoIMS extended its sincerest thanks to Ann for her many years of dedicated service and leadership. The entire AutoIMS crew wishes Ann all the best in this next beautiful phase of life. 

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