Auto Auction Holdings, a Florida LLC, has announced the opening of its newest dealer-only auto auction, Speedway Auto Auction of Charlotte. 

Located in Concord, N.C., and managed by industry veterans Ally Ayers and Brooke Rowell, the new auction will operate on 33 acres with five lanes of auction action, conducting weekly sales on Tuesdays at 2:45 p.m. The first sale is set for March 25.

“Speedway Auto Auction of Charlotte has been a long time coming,” said company spokesman Alan Willard.  “We actually started this process almost three years ago, and as the severe weather hit this year our timetable for opening seemed to change day by day. Charlotte is the hub of a dynamic economic area, and we are excited to be a part of it. We feel strongly that Speedway Auto Auction of Charlotte, as an independent auction facility, will be a tremendous benefit to local and regional dealers.”

Speedway Auto Auction of Charlotte is a full service auto auction facility with the latest in technologies and auction processes including Auction Insurance Agency, Auction Access, AWG Simulcast, and multiple internet selling channels. It is the third facility to be operated by Auto Auction Holdings and joins sister auctions located in Lauderdale Lakes, FL and Longwood, Fla.

Auto Auction Holdings expects to break ground soon on a fourth location, Music City Auto Auction of Nashville, which will open later in 2014.