ServNet News
 
ServNet Posed for Banner Year. With increased volumes in the lanes, ServNet Auctions  take the lead in serving local and national accounts, armed with the leadership and experience that has distinguished the group since its founding more than 25 years ago.
DAA of Alaska Leads Region for Remarketing of America. The auction was recently honored with the 2014 ROA Blue Award for the fourth quarter in the Northwest Region.
Carolina A/A Kicks Off 25th Anniversary Year,
holding three Silver Cash Bar Events, where dealers have a chance to win $25,000.
DAA/OKC Brings Mardi Gras to Auction,
along with the season's best selection of cars, trucks and SUVs, and two auction events on the same day. 
Brasher's Northwest A/A Celebrates 24 Years with Style,
at a gala sale event that brought dealers from throughout the region to bid on an eye-popping consignment of vehicles and the opportunity to in a Rolex watch.
State Line A/A Honors Employees for Years of Service.
Mike Whalen is the newest member of the auctions Twenty Year Club, and Tom Hoyt will take a month's paid vacation after reaching his 25-year anniversary at the auction.
DAASW Streamlines Operations with Mobile Technology,
the latest addition to the auction's 360 Service Program.
Employees Help with Massive Snow Clearing Effort at Flint A/A. 
Employees switched to "special operations" mode in order to clear more than a foot of snow that had fallen in a single day to prepare for sale day.

 


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NEWS ----------------------------------------------------------

ServNet Withdraws from Multiplatform System Initiative

ServNet announced today that it also has decided not to participate in the remarketing industry’s currently proposed Multiplatform Bidding System initiative (MPS).

In a statement issued today, ServNet’s President Patty Stanley said: “ServNet’s Board has spent countless hours over the past two years working with major industry partners attempting to evaluate and develop a Multiplatform System that would benefit all parties involved. In light of recent developments, technology challenges and antitrust concerns, ServNet has likewise concluded it would not be prudent to further pursue this initiative.”

“We agree with ADESA that, as currently structured, the proposed MPS would erode competition,” continued Stanley.  “It would also subject market participants to increased technology requirements and expenditures that exceed the potential benefit to our customers and our individual auctions.”

Stanley added: “ServNet committed to the MPS initiative with the goal of participating in a system that both included and benefitted the entire industry.  ADESA’s decision to withdraw has caused ServNet’s Board of Directors to conclude that it could no longer support it at this time.”

“ServNet auctions currently have the ability to post cars on any and all platforms and will continue to do so, thus providing the maximum exposure for our customers’ inventory. We plan to preserve that autonomy going forward as we pursue every opportunity to collaborate with industry counterparts to develop equitable solutions that benefit us all,” concluded Stanley.  “ServNet is firmly committed to our industry and to the technology that will help the industry continue to grow and thrive. “

The ServNet Auction Group is a network of America's best strategically located independently-owned wholesale auto auctions. Since 1988, ServNet member auctions have been working together to provide a full range of remarketing services to its customers, including the best auctioneers, inspections, reconditioning, transportation assistance and inventory financing. The ServNet Auction Group headquarters and administrative staff are in Franklin, TN.

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