Central Auto Auction of Hamden, Conn. will open a new vehicle evaluation center, service department that specializes in tires, and a fourth lane in 2017, the auction announced.
Founder and president Peter Saldamarco announced the expansion as part of his annual address on March 7. The auction, which is the closest independent auction to New York City, is celebrating 11 years in business.
The March 7 event featured more than 400 vehicles and 250 dealers in attendance. Vehicle streams included new car trades, fleet-lease, repossessions, and donations. The auction recorded an 83% conversion rate.
Since commencing operations in 2006, Central Auto Auction has expanded to nine acres. Most recently, Central Auto Auction purchased Chet's Auto Parts — an adjacent automotive scrap processing facility.
"To my knowledge, we are the only auction in the U.S. with a licensed vehicle dismantling facility on the premises," said Saldamarco. "This addition benefits our INOP sales and donation vehicle processing, as it allows us to pay our consignors considerably more for scrap."
The auction hosts a sale every Tuesday at 10:15 a.m. East Coast time.