ServNet has appointed Eric Autenrieth as president for a two-year term to replace Kevin Brown, who will move into the role of chairman of the board, the company announced.
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Metro Auto Auction of Phoenix has joined the ServNet Auction Group — a network of more than 50 independent wholesale auto auctions, the company announced.
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The DealShield DS360 guarantee protects a dealer's wholesale vehicle purchase and gross profit for up to 21 days and 360 miles. If the customers decides the purchase isn't right for any reason, they can return the car and get 100% refund of the purchase price and buy-fee.
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ServNet will be forming a Client Advisory Board that will consist of 10 to 12 executives from key commercial accounts and institutional consignors. These executives, according to the company, will assist in identifying, implementing and refining best practices at auctions.
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The 2017 Conference of Automotive Remarketing (CAR) was host to myriad panels, discussions, and keynotes that discussed the latest trends in the wholesale remarketing industry.
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In the past year, ServNet acquired four new auctions to its group, and expanded several existing locations.
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Patty Stanley, ServNet's chairman of the board and owner of two ServNet auctions, has been inducted into the NAAA Hall of Fame. She received the honor during the NAAA/NRC Convention in Las Vegas in November.
Read More →ServNet Auctions and Automotive Finance Corporation are offering dealers the opportunity to floorplan their purchases with AFC for up to 90 days for an exclusive promotional rate of $90.
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Louisiana’s First Choice Auto Auction (LFCAA) has joined the ServNet independent auction group. LFCAA is located in Hammond, La., and serves customers throughout the Gulf Coast Region and beyond.
Read More →Vehicle remarketers have been pushed to follow more and more regulatory compliance procedures for financial institutions and other consignors while handling wholesale vehicle sales, ServNet's CEO told Vehicle Remarketing Reporter.
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