The International Automotive Remarketers Alliance (IARA) recently announced changes to its officers and directors.
Aaron Cervantes, manager, fleet remarketing for Hyundai Motor America, was named second VP for the IARA. Cervantes began his remarketing career with Bank of America in which he served as the VP of lease remarketing, managing the internal operations of their lease end processes. He then went to work for CarMax for a short duration as a buyer. In 2004, Cervantes joined Hyundai Motor Finance as the asset remarketing manager leading the remarketing efforts of their repossessions and off-lease vehicles. In 2006, he joined Hyundai Motor America, and is currently the manager of fleet remarketing in which he is responsible for the remarketing operations at Hyundai Motor America headquarters and the remarketing for the Western U.S.
Paul Seger, VP of Asset Remarketing at Element Fleet Services, has been elected to the IARA Board of Directors. During his 34 year career at GE and now Element, Seger held multiple positions within the Fleet Services and Consumer Finance vehicle remarketing divisions. Seger was also named Vehicle Remarketing's 2015 Consignor of the Year. Seger was instrumental in navigating the Consumer Finance business through one of the most challenging cycles in the automobile industry and, along with his team, was responsible for mitigating millions of dollars in forecasted residual value losses.
Virgil Matczak, national sales manager at Dealers Auto Auction Group, will be transitioning to Treasurer for the IARA. Matczak has 50 years’ experience in the automotive industry, having started his career with Chrysler in 1965 working in finance, sales, and operations, then vehicle remarketing sales and operations. In 2001, he joined Auction Broadcasting Co., working in national sales and marketing positions. In 2011, he joined Dealers Auto Auction Group as the National Sales Manager and continues in that position today. He previously served as the IARA Treasurer from 2005 to 2010.
About the IARA
It is the mission of the IARA to assist, educate, and share knowledge with one another and our industry partners, so that each member may be empowered to achieve the fullest efficiency and most continued improvement attainable in the commerce of selling vehicles through the marketplace. For more information, visitwww.iaraonline.org.