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.
The car market exhibited a continued slowdown in depreciation with an overall decrease of -0.10%, much less than the previous week’s drop of -0.25%, according to Black Book’s Weekly Market Update released March 5.
The Compact Car segment stood out with a significant +0.41% increase, which is its largest gain since mid-April 2023. The Truck segment experienced a marginal increase in overall depreciation at -0.18%, despite the Minivan category’s growth and the Small Pickup’s consistent rise. Luxury segments, notably Compact Luxury Crossover/SUVs, saw substantial declines, highlighting the mixed performance across vehicle categories.
Car Segments:
Truck / SUV Segments:
Mike Eliason, treasurer and vice president of investor relations, is retiring after more than 25 years, effective June 1. OPENLANE is an operator of digital marketplaces for wholesale used vehicles.
Eliason will continue to serve in his position until a successor is named to ensure a seamless transition. OPENLANE will conduct a thorough national search process for Eliason’s successor. Upon Eliason’s retirement, Brad Lakhia, EVP and chief financial officer, will assume the role of treasurer.
“Mike has been a valued member of the OPENLANE team for 25 years and has led our investor relations program for the last seven years, playing a key role in communicating about our company’s growth and transformation to our customers, business partners and stockholders,” said Brad Lakhia, EVP and chief financial officer. “I want to thank Mike for his leadership and congratulate him on his well-deserved retirement.”