Oklahoma Auto Exchange Retains TPC Management

Oklahoma Auto Exchange in Oklahoma City has retained TPC Management Company for strategic consulting in business development, the companies announced April 25.

The auction was founded in 2005 and is headed by the father/son team of Mike and Kyle Clopton, auction co-owners.

Oklahoma Auto Exchange offers 700 vehicles including dealer consignment and commercial accounts every Wednesday on four auction lanes. The facility is unique to the region in that it is completely enclosed to protect vehicles and customers from Oklahoma’s unpredictable weather. The physical footprint includes 125,000 square feet of indoor storage and auction space on 18 acres of land.

The auction has a six-bay detail and reconditioning shop, offers light mechanical services and in-house transportation, and includes a 2,500 square foot dealers’ lounge where customers enjoy free meals and a relaxing environment to look over sale lists.

“The Cloptons have a passion for the auction business and are the ultimate competitors who put their customers first,” said Pierre Pons, president of TPC Management, in a news release. “They have a large and loyal customer base among the new and used car dealers in the Midwest, and they have added a number of commercial accounts as well, several of which have recognized the auction for operational excellence and customer service over the years.”

“The motto at Oklahoma Auto Exchange is worthy of note: If we don’t serve you, we don’t deserve you,” said Jiles Wanna, director of business development at TPC Management Company. “At the core of the auction is a commitment to the customer that is evident the moment a car arrives at check-in or a dealer sets foot in the door."

Mike Clopton added, “From the beginning, Kyle and I have worked to develop a premier independent auction in this market, marked by a customer-focused auction operation. We feel the timing is right to expand our business as we work with Pierre Pons, Jiles Wanna and the team at TPC.”

Founded in 1996, TPC Management Company, based in Nashville, Tennessee, has provided consulting programs, management recruiting, and buy/sell transaction advisory services to a variety of automotive related companies, including independent auto auctions, technology concerns, investment companies and transportation companies.  TPC assignments are primarily with privately held businesses engaged in various aspects of the wholesale automotive remarketing, working closely with business owners and key management personnel to increase revenues and implement operational efficiencies to enhance performance.