CARMEL, IN — ADESA Lexington has won the 2009 Consumer Portfolio Services (CPS) Auction Recognition Award for the category of best retention.
Best retention means ADESA Lexington provided the top recovery rates, despite a tough economy. Vehicles sold for an average 92.9 percent of book value. This is the second consecutive year ADESA Lexington has received this prestigious honor.
“This award means a lot to us—we have a dedicated group here, and it is a great recognition for the team,” said ADESA Lexington General Manager Jason Martin. “It’s been terrific to work with CPS over the years.”
CPS evaluates auctions in three award categories: best retention, best fleet/lease department and best overall auction. All aspects of the liquidation process are evaluated to determine winners. This includes the drop-off process, title issues, reconditioning, customer services, vehicle sales and recovery rates.
“Jason and his team did an excellent job at maintaining our account through a challenging year,” said Laurie Straten, vice president of asset recovery for CPS. “ADESA Lexington is a great fit for our company’s objectives.”
Mike Scott, CPS remarketing representative, will present the award to Martin and Vince McNeal, ADESA Lexington fleet/lease manager, on April 21.