CARMEL, IN – ADESA and Drive Financial Services offer dealers the chance to purchase a high volume of never before offered inventory on http://www.adesa.com, under the online sales platform, DealerBlock.
Based in Dallas, Texas, Drive Financial is a $5 billion national consumer auto financing company specializing in loans for people with limited and below-average credit histories. The units up for auction through ADESA are from Drive Financial’s fleet of repossessed vehicles.
Mitch O’Neil, assistant vice president of asset remarketing, Drive Financial, said, “We offer (through ADESA’s DealerBlock) a diversified product mix with 75 percent of the inventory consisting of current model (repossessed) vehicles up to three years old.”
Held on the last business day of each month, End-of-Month Drive Financial Bid Now Sales on ADESA’s DealerBlock platform is gaining in popularity. “We have seen an increase in activity each month,” said O’Neil. Drive Financial sells both first-time vehicle inventory and autos that have previously been available (but went unsold) at this online sale.
With special DealerBlock event sales (such as the End-of-Month Drive Financial Bid Now Sale), buyers can tap into a wide inventory selection online, with many of the vehicles never having been available for sale elsewhere. The next End-of-Month Drive Financial Bid Now Sale will be held in conjunction with ADESA’s national online sales event on Dec. 27, at 2 p.m. EST.
ADESA’s online DealerBlock auctions are for registered wholesale automotive dealers only. They are closed to the public. Each dealer has to be registered at an ADESA auction before receiving a bid badge to buy vehicles online. For more information on how to register, and for a schedule of upcoming sales, visit adesa.com.