The Stanley-Autenrieth Auction Group has purchased the Fort Wayne Auto Truck Auction, according to a company announcement.
Consignment and sales from the acquired facility will be merged into existing operations at Indiana Auto Auction, according to Eric Autenrieth, who leads the auction group.
The acquisition took effect on Sept. 13.
“This is an exciting move for us and a prime opportunity for buyers and sellers to meet together in what will be the premier auto and truck auction facility in the Midwest,” said Autenrieth. “With the merging of the two operations, we expect to offer up to 1,000 cars at our weekly Thursday auction, and 200-300 heavy duty trucks every other week on Wednesday. Consolidating the automotive consignment and bringing the heavy truck business together under one roof benefits buyers throughout the region and streamlines the remarketing process for both dealer and commercial accounts.”
Fort Wayne Auto Auction has been in operation since 1984 when it opened as the first stationery heavy-truck auction in the country, according to the auction group. The auction has grown to be one of the largest truck sales in the industry, according to Autenrieth.
Indiana Auto Auction is undergoing several improvements in anticipation of larger volumes in all areas of its operations. The auction is also developing dedicated parking for larger units in order to accommodate the additional heavy-duty truck consignments.