Manheim’s North American locations will recognize National Auto Auction Week, Aug. 19-23. The week is sponsored by the National Auto Auction Association (NAAA), which celebrates its 65th anniversary this year. The NAAA established National Auto Auction Week to increase public awareness of the auto remarketing industry and its contributions at both the national and local levels. In support, Manheim plans to create awareness with customers about this special industry week on its social media sites, including Facebook and Twitter.
“On behalf of the entire Manheim team, I would like to thank our customers, partners and dedicated employees for their commitment to advance the auction industry,” said Sandy Schwartz, president of Manheim and AutoTrader Group. “Over the years, NAAA and its members have played a key role on important issues affecting our industry. Member collaboration, advocacy and strong support have reinforced NAAA’s leadership position, while helping to further our work together. I also want to extend my personal congratulations to NAAA on celebrating its 65th anniversary.”
Manheim not only represents 69 auction locations in North America, but also partners with 166 independent auto auctions to remarket vehicles through OVE.com, its 24/7 bid or buy now wholesale vehicle marketplace. Manheim locations have served customers and communities for nearly 68 years. Its employees continue to give back to their communities through charity involvement, conservation efforts and economic contributions.
“National Auto Auction Week is a wonderful opportunity to recognize the many individuals that contribute to the success of wholesale auto auctions,” said Jay Cadigan, vice president, industry relations at Manheim and executive vice president for NAAA. “This week is about highlighting the vital importance that wholesale auctions provide to our economy, industry, customers and employees.”
The auto auction industry, which NAAA calls a vital part of North America’s commerce, can be traced back to the Great Depression. As the southern states faced a shortage of vehicles during the Depression, livestock auctioneers began selling used cars from the north along with cattle and farm machinery during auctions. Today, the NAAA reports its 318 members sold 7.9 million vehicles worth $72.7 billion in 2012.