ServNet Auctions Work in Partnership with Buyers and Sellers Nationwide

by Keith Lelux, ServNet President

We have come through a tough year as an industry, but the latest reports indicate that there is a glimmer of hope on the horizon. The economy is showing signs of stabilizing, now that the automaker bankruptcies are behind us and the government stimulus programs are in full swing. At the retail level, we have seen gains in used vehicles sales in recent months, and we expect to see renewed interest in new car sales, all of which bodes well for renewed vigor in the market. 

Throughout these times of trial and challenge, ServNet auctions have continued to work in partnership with buyers and sellers across the country. We are pleased to report that the wholesale market is strong, as our auctions report striking increases in attendance and good sales percentages. Even with lower volumes, auto auctions have proven to be the place where market value is established. As retail demand continues to grow, our customers can rest assured that ServNet auctions will continue to be a superior source for needed inventory. 

As independently owned and operated companies, ServNet Auctions have experienced positive outcomes even in the face of economic challenges. Well-capitalized and benefiting from a strong strategic plan that was put in place well in advance of the economic downturn, our auctions remain strong and viable, able to withstand the challenges of an uneasy market. ServNet auctions have been moving forward, following through with capital improvements, developing new programs, improving operating procedures and retaining staff in order to provide our customers with the auction tools they need to successfully remarket their vehicles. 

The ServNet Auction Group continues to grow, strengthening its position in existing markets and adding auctions to make its brand of innovative, superior service available in new ones. Visit a ServNet auction, and you will find an impressive inventory of available vehicles in the lanes week in and week out. In addition, ServNet auctions maintain a major presence in the on-line arena, offering over 330,000 vehicles annually on more than 60 simulcast lanes. For all our auction customers, that translates into fair value, superior service, and access to a national inventory of quality used vehicles. 

As a group, ServNet auctions have pledged to work with their dealers to support and strengthen the automotive remarketing economy. ServNet auctions continue to serve as partners in the industry, working from a position of experience and strength to help our customers work through times of challenge, committed to providing experienced service leading to positive net results. 

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