Owners Highlight Technology at Dallas Meeting
auction owners and executive staff convened
in Dallas on April 16 and 17th for the group's semi-annual business
meeting and Meet the Owners luncheon.
Representatives from Ally Servicing, Auto Motives, Cap Rock
Remarketing, Capital One, Chrysler Corp., GM Financial, Harley
Davidson Financial, Hertz Corporation, Santander Consumer USA, TD
Auto Finance, UACC, AuctionEdge and AutoIMS attended the luncheon, participating in discussions with members of ServNet's staff and
owners of the 31 independent auctions in the ServNet auction
focus of the first day of meetings for the ServNet auction owners
was industry analytics, reports ServNet's CEO Pierre Pons. The group
met with Joe Miller of AASC/AutoIMS and David Kashmere of Experian,
who reviewed the applications for products offered by both
companies. Miller introduced LIveAnalytics, a sophisticated new tool
available to all ServNet auctions that measures business performance
using AutoIMS data. Kashmere discussed the data analysis available
with Experian's AutoCount product, which tracks current market
activity at national, regional and local market levels, with
information on nearly 700 million vehicles in North America.
data available from all auctions in the group and cutting edge tools
available from our industry partners, ServNet auctions offer their
customers market data and comprehensive analytics for all regions,
coast to coast," said Pierre Pons, ServNet's CEO.
two of the Dallas meeting schedule included the group's Meet
the Owners luncheon. R. Charles Nichols,
ServNet's president and managing partner of BSC America's Bel Air
and Tallahassee Auto Auctions greeted the group and opened the
meeting with a moment of remembrance for the tragedy in
CEO Pierre Pons then highlighted the group's 25 year history.
focusing on its evolution, the strength of its auction members and
the accomplishments of the auction owners. "ServNet was born in
1988 with just 10 auctions," explained Pons. "This
family of auctions went through a number of stages in the ensuing
years...growing, then shrinking, then experiencing a rebirth in 2008
. Now celebrating its 25th year, ServNet stands at 31
members strong, and will soon be adding yet another location with
the addition later this spring of a green
field auction in the Pacific Northwest: DAA Seattle, being developed
by Bob McConkey and Greg Mahugh."
concluded with a tribute to Henry and Patty Stanley, whose influence
has been felt throughout the auction industry for decades.
"The Stanleys' leadership as ServNet auction owners is
legendary," said Pons noting that Patty Stanley will assume
duties as ServNet's president later this year. "Both are also
tireless in their efforts in support of the industry at large, and
we congratulate them on two recent and well-deserved honors."
Pons explained that Henry Stanley was recently named 2013
Remarketer of the Year by Bobit Business Media, while Patty
Stanley was recognized by Auto Remarketing as one of the 2013
Women in Remarketing.
speaker at this year's Meet the Owners luncheon was David
Weld, CEO of
AuctionEdge, who acknowledged the role that ServNet has played in
the company's development, including the contributions made by the
ServNet owners who played key roles in founding AuctionPipeline and
the continued participation of ServNet's member auctions. He
noted that six members of the AuctionEdge Board of Directors are
from ServNet auctions: Bob McConkey, John Brasher, Ty Brewer, Henry
Stanley, John Luce and Emily Barber.
the increasing number of sales moving online and upstream,
independent auctions need their own marketplace," said Weld as
he reviewed the migration of AuctionPipeline's to Edge Marketplace,
which provides a unified interface for auctions and consignors.
Providing a full product suite that includes an auction management
platform, an online marketplace, and simulcast selling capabilities,
AuctionEdge now includes 152 independent auctions, with data gleaned
from 3,500,000 cars run in 2012 and 2,000,000 cars sold in
Nichols in concluding the meeting: "ServNet auctions continue
to raise the bar in our industry, working to develop new technology,
improve selling tools, and build on the values and practices that
differentiate our auctions in all parts of the country."
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