Louisiana’s First Choice Auto Auction (LFCAA) has joined the ServNet independent auction group. LFCAA is located in Hammond, La., and serves customers throughout the Gulf Coast Region and beyond.
“We welcome Louisiana’s First Choice Auto Auction as the newest member of the ServNet auction group,” said Kevin Brown, ServNet's president. “The auction is highly regarded in the industry, and has long been recognized for innovation, creativity and dedication to customer satisfaction. LFCAA’s efforts produce excellence results for their customers, and we’re pleased that the auction will carry the ServNet brand in their region.”
The auction is led by John Poteet, managing partner for LFCAA.
“We have long admired ServNet for its professionalism and comprehensive approach to the marketplace,” said Poteet. “As a ServNet auction, we join ranks with the most successful, innovative and service-centered independent auctions in the country, and we look forward to working with them in sharing ideas, refining best business practices and contributing to a cohesive strategy to best serve both our commercial and dealer customers.”
Opened in 2002, LFCAA holds a sale every Tuesday in six lanes, featuring vehicles from ARI, Consumer Portfolio Services, Credit Acceptance/VRS, Emkay, Hancock Bank, and National Auto Acceptance.
The auction recently increased institutional account growth and expanded dealer consignment, which resulted in a $3 million expansion project that was completed just last year. The expansion included the development of 4.5 acres for vehicle parking, two additional auction lanes, and an operations center.
The auction employs several industry solutions, including the Auto IMS inventory management system, Auction Access dealer database program, and the Auction Edge suite of technology services.
LFCAA has twice been awarded ARI’s Auction of the Year award in 2011 and 2014.