Florida-based AutoBuy now has eight locations since opening two new locations in respective partnerships with ADESA and Manheim, the company announced Tuesday.
The new AutoBuy in Sanford, Fla. (which was launched in partnership with ADESA) and AutoBuy Orlando (launched in partnership with Manheim) have increased AutoBuy’s buy/sell capacity by more than 40 percent, according to the company.
“Keeping pace with the growing demand from consumers who want to sell us their vehicles means increasing our geographic reach,” AutoBuy chief executive officer Mark Maida said in a news release. “These two new locations not only help us meet that demand, but also give us two more ‘lanes’ from which to provide our fresh inventory to dealerships nationwide via simulcast. We are very pleased to be working with both ADESA and Manheim and plan to keep their lanes full and turning fast.”
The new AutoBuy in Sanford, Fla. is located at ADESA Orlando’s 30,000-square-foot facility. And the Orlando AutoBuy is located inside Manheim Central Florida.
“Our auction is all about having sellers with vehicles that bring more buyers to the sale. AutoBuy has an incredible range of inventory that has not been marketed online, so it’s fresh and ready to go,” said Jeff York, general manager of ADESA Orlando.
“Our experience with the AutoBuy team has been fantastic. They are excellent auctioneers — with about a 70 percent conversion on their inventory — and have the entire remarketing process completely dialed in. We are excited at the ways in which our relationship will expand both of our businesses.”
The used-car-buying company said it has served over 100,000 private car sellers and appraised over $1 billion in inventory since its inception.
“AutoBuy are fantastic partners who have cultivated an excellent buyer base that helped double their transaction volume at our West Palm Beach location over the past two years. The velocity at which they move their inventory is a key factor in their growth with a fresh and diverse mix of inventory offered every week,” added Manheim Central Florida auction manager Dana Lowenthal.
“Their astuteness at evaluating value and understanding the right repairs to optimize the opportunity to sell each unit is also remarkable and a tremendous boost to our reconditioning shops.”