ServNet auction owners and staff applauded one of their own as Henry Stanley, president and owner of two ServNet Auctions (Carolina Auto Auction and Indiana Auto Auction) was inducted into the NAAA Hall of Fame during the Association's 65th annual convention earlier this month in Indianapolis.
Stanley's countless accomplishments and contributions to the remarketing industry made during a career spanning more than half a century earned him induction into the NAAA's Hall of Fame, which includes three other ServNet auction owners: Frank Brasher, Larry Brasher and Ray Nichols.
Both Henry and his wife Patty have been active NAAA members, serving in numerous capacities, both as including zone presidents and Henry's as Association President from 1999-2000. He has also been an avid supporter of the NAAA's Warren Young Sr. Foundation, not only working hard with Patty in establishing the scholarship fund, which has raised more than $1.25 million since its founding in 2004, but also founding two of its annual scholarships.
"Henry is a self-made man who has done a variety of jobs in the industry but no matter what the job was, he always wants to be the best at whatever he does," said Tommy Rogers, the general manager of Carolina Auto Auction who has known Henry for 17 years. "Everything that he's involved in -- -from the auction lanes to the golf course -- he wants and expects excellence. With Henry, it's not so much about the profit or bottom line as much as it is about the challenge to offer the best experience and achieve the best results possible."
The journey that has brought Henry to the pinnacle of his profession actually began with a wisecrack to his father. Since attending college wasn't in the cards, Henry jokingly suggested he should go to auctioneer school. Not many weeks later, his father handed him an application along with $650 for tuition. Fresh out of auctioneer school, Stanley began his career in the auction industry in 1960 when he went to work as a ringman for the Capital Auto Auction in Columbus, Ohio. He advanced to auctioneer before purchasing the auction in 1969, the year he became a member of the NAAA. With plans to retire and spend winters in Florida, Henry sold the auction to GE Credit in 1987. During Henry's final week in Columbus, the auction sold 1,150 vehicles - a far cry from his first day as owner when it ran 64 vehicles and sold 14.
After a year of sun and golf, he and Patty bought the Fort Knox Auto Auction in 1990, renaming it the Carolina Auto Auction. In 2007 the Stanley auction family expanded with the purchase of the Indiana Auto Auction in Fort Wayne, IN. Over the five decades he has spent in the business, Stanley has spent a significant amount of time on the auction block, selling more than one million vehicles. In addition to his Hall of Fame honor, Henry was recently named "Remarketer of the Year" at the 2013 CAR Conference.
The ServNet Auction Group is a network of America's best strategically located independently-owned wholesale auto auctions. Since 1988, ServNet member auctions have been working together to provide a full range of remarketing services to its customers, including the best auctioneers, inspections, reconditioning, transportation assistance and inventory financing. The ServNet Auction Group is managed by TPC Management with headquarters in Franklin, TN.