TPC Management Company has added FastLane Auto Exchange to its list of auto auction clients, according to a company announcement.
FastLane Auto Exchange, located in Mount Morris, Mich., is a dealer-only consignment auction that has been operating for over 40 years. Greg Price, a former member of the executive team at Flint Auto Auction, recently purchased the auction.
Under Price’s ownership, the FastLane Auto Exchange has grown weekly consignment numbers from 80 vehicles a week to more than 400 a week. The auction is currently adding a new reconditioning and mechanical facility, along with two additional auction lanes, bringing the total lane count to 8.
“With so many auto auctions being acquired by corporate chains, we are excited to be part of introducing to the industry a strong independent competitor in the Michigan marketplace. With a facility of over 60 acres, and capital investments that include expanded land development, FastLane Auto Exchange is well positioned to offer all auction services including marshalling and auction sales,” said Jiles Wanna, TPC vice president of Client Services.
TPC Management Company provides consulting programs to companies in the automotive remarketing industry, and boasts over 50 independent auto auction, technology, and transportation companies among its clients.