In three decades, ServNet’s network of independent auto auctions has grown from a small group of independent owners wanting to share marketing strategies, to a group that has set a standard for service, efficiency and innovation within the remarketing industry.
The group has grown from its original eight members to now include 22 auctions from across the U.S.
In addition to setting standards for auction best practices in the remarketing industry, ServNet said it has also built effective partnerships with auction customers and helps facilitate a level of communication that benefits both the member auctions and consignors.
"ServNet Auctions represent some of the very best auto auctions serving the vehicle remarketing industry today," said Eric Autenrieth, president of the group and co-owner of the Carolina and Indiana Auto Auctions. "Over the course of thirty years, the ServNet auctions have shown a progressive spirit when it comes to innovative ideas and practices. With locations from coast to coast, active and involved owners, and progressive technology, ServNet Auctions provide both auto dealers and institutional accounts with a complete remarketing platform."
ServNet was founded in 1988 when eight independent auction owners participating in a performance group sponsored by the National Auto Auction Association developed the idea for forming a cooperative marketing network after discussing forming an alliance to both share ideas and promote their auctions on a national level.
"We discussed the advantages of working together with other independent auctions which shared the same philosophy and offered the same level of service," explained Jeff Barber, one of ServNet's founding members and owner of State Line Auto Auction. "We talked about pooling our resources and promoting ourselves collectively, and in 1988 ServNet was born."
When it comes to progressive technology within the industry, ServNet touts that its initiatives have powered the development of AuctionPipeline, known today as AuctionEDGE and AutoIMS in partnership with ADESA, ADT, Manheim and independent auctions.
Carolina AA celebrates Santander, Chrysler Capital account return
Additionally, in other auction news, ServNet member Carolina Auto Auction recently announced that it's lanes creation has brought an additional 100 units to the auction each week, and that Santander and Chrysler Capital will return to its lanes on Wednesday.
Santander and Chrysler Capital run units twice a month and will eventually run every week. The auction said it expects at least 100 units with each run.
This year, in response to a high influx in commercial units, following last year’s addition of another larger account — US Bank — Carolina Auto Auction designated four lanes to be strictly commercial.
The company estimated that it could expect at least 650 commercial units every week.
To keep up with its recent growth, the auction said that its number of full-time staff will likely increase by 30 percent over the next month.