ADESA and sister company Automotive Finance Corporation, a NIADA Gold Corporate Sponsor, announced that they have raised $19,000 to benefit the National Independent Automobile Association (NIADA) Foundation. The two companies donated a 2010 Chevrolet Malibu LTZ and co-sponsored an auction of the vehicle at the recent NIADA Convention and Expo in Las Vegas.

“Thank you to everyone who participated and showed their support,” said Tom Caruso, president and CEO of ADESA. “The NIADA Foundation provides valuable resources to both dealers and the communities they serve. It is always a pleasure to participate in events that give back to members of our industry.” 

Frank Fuzy with Century Motors of South Florida placed the winning bid of $19,000 on the pearl white Chevrolet Malibu LTZ. The car features a two-tone interior, factory entertainment system (including TVs in the head rests) and brand-new, 20-inch custom wheels and tires.

All proceeds from the auction will benefit the NIADA Foundation, which awards scholarships to deserving college-bound students across the United States. The Foundation also provides training and educational opportunities to automobile dealers as well as the general public.