Auction Broadcasting Company (ABC Auto Auctions) announced the purchase of Tidewater Auto Auction in Virginia Beach. The name will be changed to ABC Virginia. This will be ABC’s eighth auto auction location.
Jason Hockett, president of Auction Broadcasting Company commented: “Tidewater Auto Auction has been on our radar for a long time. My brother, Mike Hockett Jr, started Tidewater Auto Auction in October, 1996. In 2011, Mike built a brand new 72-acre location in Virginia Beach with eight auction lanes. Hockett noted, “the auction is located in a great location to strategically facilitate vehicles for dealers as well as finance and leasing companies.”
ABC Virginia will host a dealer only auction on Wednesday’s beginning at 10:00 am and a Public sale on Saturday’s beginning at 10:00 am. ABC Virginia will be managed by industry veteran, Jason Brinkley.
Jason Hockett commented: “Jason Brinkley ran Tidewater Auto Auction from 1997 to 2001. Brinkley also helped ABC with its greenfield start-up locations in St. Louis and Lancaster PA. He and his family are excited with the opportunity of going home to Virginia.”
Mike Hocket Jr. commented: “I brought the auction as far as I felt I could as an independent. I knew that if the auction was to do better, it would need a name connected with a larger client base. ABC was a natural choice with an excellent management team. My father and brothers have built a formidable national auction group that I feel will push ABC Virginia to the potential it was built for. Having Jason Brinkley as a known entity to the dealer base is a fantastic choice. The dealers love him and the employees respect him. I could not be happier.”
Auction Broadcasting Company has auto auctions in Baton Rouge, La., Birmingham Ala., Bowling Green KY, Cincinnati, Detroit/Toledo, Ohio, Lancaster, Pa., and St. Louis.