Charleston AA Named 2011 National Auction of The Year by MarkOne

MarkOne Financial named American Auto Auction Group member Charleston Auto Auction as its 2011 National Auction of the Year.

Last Friday, MarkOne Financial named American Auto Auction Group member Charleston Auto Auction as its 2011 National Auction of the Year, marking the third consecutive year the South Carolina operation has received this designation.

Officials indicated Charleston AA was one of more than 20 auctions that were evaluated for this recognition. They explained benchmarking criteria includes timeliness of pickup and auction administration processes, but weighing more heavily than any other area is overall retention.

Keeping costs at a minimum, while maximizing gross sale price, is paramount toward overall auction performance, according to MarkOne

“Charleston Auto Auction has consistently out-performed our expectations with regards to service and overall success. They are consistently the best performing auction in our network and have demonstrated integrity in reconditioning recommendations, as well as sale day administration,” MarkOne remarketing manager Jason Ghioto stated.

MarkOne Financial is an indirect lender based in Jacksonville, Fla., and originates with a network of franchised and independent dealers through its field sales team.

MarkOne and sister company Centrus Auto Finance now originate contracts in Florida, North Carolina, South Carolina, Georgia, Alabama, Tennessee, Virginia, Maryland,  Pennsylvania, Indiana, Ohio, Texas, Colorado, New Mexico and Oklahoma.

MarkOne is a division of MarkOne Holdings.

View the original article here

auto notes

Cincinnati Independent Auction Moves into New Facility, Broadens Repo Sales

Auto Remarketing | Cincinnati Independent Auction Moves into New Facility, Broadens Repo Sales

Search this site:

HOMEAUCTIONWHOLESALERETAILFINANCIAL SERVICESTECHNOLOGYTRENDSAUCTION DIRECTORY Skip to Navigation Cincinnati Independent Auction Moves into New Facility, Broadens Repo Sales

December 9, 2011 | CINCINNATI By Auto Remarketing Staff

A Cincinnati independent auction recently moved into expanded and updated facilities and revealed plans to ramp up its bimonthly repo sale.

OKI Auto Auction relocated to a 10-acre lot, once part of the former Jim Beam Distillery off Interstate 75 at 120 Citycentre Drive. OKI leased temporary space for more than a year at the Hamilton County Fairgrounds across the street, according to a report posted by Cincinnati.com.

The story indicated OKI spent more than $2 million on the site, which includes a three-lane auction building and paved parking for vehicles. Northside Bank & Trust and the U.S. Small Business Administration provided financing.

Started by company president Lee Schoenling in 2000, OKI is now jointly owned with retired dealer Tom Moser. It has grown from seven to 70 full- and part-time workers.

Along with bi-monthly dealer consignment, the new facility is helping OKI boost its repossessed unit offering, too.

Repo sales now will be held on the first and third Wednesdays of each month at 10 a.m., before dealer-only sales.

The Cincinnati.com report indicated OKI projects to have 15,000 units go down its lanes this year.

The original online story can be found here.

Printer-friendly version Comments Post new comment Your name: * E-mail: * The content of this field is kept private and will not be shown publicly. Homepage: Comment: * CAPTCHAThis question is for testing whether you are a human visitor and to prevent automated spam submissions. What code is in the image?: * Enter the characters shown in the image. ONLINEE-MAILED

Manheim Names COO

NADA Economist Predicts November High in Sales

Jumpstart Automotive Reveals Latest Addition to Network

Dataium: Toyota Rebounds with Release of New Camry, ASI Index on the Rise

AIADA Dealer Chair Calls Patent Complaint 'Quiet Threat' to Industry

Several Brands See Record Canadian CPO Sales

Vincentric Now Offers Cost-of-Ownership for Canadian Vehicles

Mercedes-Benz Canada Spotlights Dealers of Year

CPO Sales Bounce Back

Ford Announces Quarterly Dividend

AUTOREMARKETING E-NEWSLETTER
Interested in receiving up-to-date AutoRemarketing news in your inbox? Subscribe to our AutoRemarketing e-newsletter today to receive weekly news updates.

Other Links Contact UsSitemapAdvertising Info

View the original article here

auto notes

West Michigan Auto Auction & GE Fleet Team up to Aid United Way

Jana Rauschenberg from West Michigan Auto Auction, Jay Watson from GE Fleet Remarketing (left), and Todd Sharp from Graff Chevrolet.

In the spirit of giving, West Michigan Auto Auction and remarketing partner GE Fleet have teamed up contribute to community betterment nonprofit United Way.

For the third year in a row, the two companies have partnered for a third quarter, three-month long promotion that uses weekly raffles help generate United Way cash donations from customers and employees.

“What gets our customers excited is the fact that the funds collected are cycled back to the Grand Rapids community through the local United Way organization,” company officials explained.

“It is a win-win for everyone involved!” they added.
In an interview with Auto Remarketing,  Jana Rauschenberg, fleet/lease sales manager at West Michigan Auto Auction, highlighted a few of the raffles and efforts the auction took to raise funds this time around.

“We did iPads, all kinds of stuff … we would also do great big buckets of snacks and pretzels and raffle those off, and there would be 30 of them in the lanes, and dealers would get a ticket at the beginning of a sale. And after they bought a car, they would get a snack basket to bring back to their store,” Rauschenberg noted.

“And about every week, there would a prize of $100 or $150 for customers and employees to get in the running for. It would be a dollar a ticket,” she added.

Furthermore, West Michigan Auto Auction also bestowed upon the top third-quarter buyer of GE consignments a GE appliance to be given to a charity or family in need.

And this top buyer was just selected last week — Todd Sharp, of Graff Chevrolet from Bay City, Mich. 

This time around, Sharp was awarded a new GE stove, which he gave to a family that had been lacking a stovetop to cook meals on for over six months.

And Graff Chevrolet does its own share of charity work as well. The store is involved with charitable organization Just For Kids, benefiting families in need out of the Bay, Saginaw, and Midland Counties.

And West Michigan Auto Auction isn’t the only auction that partners with GE to contribute to United Way.

GE Fleet does a promotion for the nonprofit every year, and all of its auctions participate in their own way, Rauschenberg noted.

And as for how much West Michigan Auto Auction raised this year, Rauschenberg explained that the low volumes running through the lanes directly affected the promotion’s outcome.

“We raised close to $2,000, but this was our lowest year in dollars raised because we also match anything that the dealers contribute. In other words, if a dealer puts five dollars in for every car they buy, we would match it,” she told Auto Remarketing.

“And that is normally where we generate the most money. But because of low volume in the lanes, it was a slower year. A good year, but a slower year,” she concluded.

View the original article here

auto notes