ServNet Hits 30-Auction Mark with Addition of Two Locations

FRANKLIN, TN - ServNet welcomes two auctions to its network of independent facilities: Cocoa Auto Dealers Exchange (CADE) and Sanford Auto Dealers Exchange (SADE). 

Located in central Florida, the sister auctions are owned by Michael Tumminello and Jeff Brody. The two facilities were officially added to ServNet's roster on March 1, 2012, by unanimous consent of ServNet's auction owners.

"We have reached an historic milestone with the addition of CADE and SADE," said Pierre Pons, ServNet's CEO.  "Thirty locations has always been a target for ServNet, and we are thrilled to arrive at that goal with two auctions with a firm foothold in Florida's vibrant marketplace.  Now 30 members strong and with locations in 23 states, ServNet's impact on the marketplace reaches from coast to coast: from New England to California, and from Florida to Alaska."

"We welcome two great auctions from the Southeast, both known for their commitment to service and dedication to the industry," said R. Charles Nichols, ServNet's president and owner of BSCAmerica's Bel Air and Tallahassee Auto Auctions.  "Michael Tumminello and Jeff Brody are strong auction owners who bring a wealth of experience and insight to our table.  I look forward to serving our industry with them both."

Sanford Auto Dealers Exchange has been serving the buyers and sellers in central Florida since 1991, and has been family-owned and operated since its inception.  Located on 70 acres just north of Orlando, SADE holds a sale every Tuesday at 2 pm.  The auction runs an average of 1600 vehicles a week on six lanes, with consignment from rental companies, banks and area dealers.  Cocoa Auto Dealers Exchange was founded in 2007, and is located on Florida's east coast, only four miles from the intersection of Interstate 95 and the Beachline Expressway.  Sellers and buyers from throughout the south gather at CADE every Thursday at 4:30 pm to bid on over 400 new car trades, repos and dealer consignments each week in four auction lanes.

"Jeff and I are very pleased that that our facilities have joined the ranks of the ServNet auction group," said Tumminello.  "Associating with the finest independent auctions in the country and the auction owners who contribute so much to our industry is a tremendous honor. We're looking forward to the industry visibility that ServNet is certain to bring to our auctions, as well as the many opportunities we will have to expand the level of service we offer at CADE and SADE."

ServNet is the nation's premiere network of independent auto auctions working together to strengthen and build business relationships. Since 1988, ServNet member auctions have provided a full range of remarketing services to its customers, including the best auctioneers, inspections, reconditioning, transportation assistance and inventory financing.

For more information about ServNet and ServNet member auctions, go to www.servnetauctions.com.