ServNet News

 

 

 

 

 

 

 

 

 

 "The past year has been an excellent one for ServNet Auctions, which are, in fact, tracking year-over-year sales stronger than the industry as a whole. ServNet's market share is on the rise, showing growth of 11% over the past 12 months. Employment is up at ServNet auctions across the country, with more 'boots on the ground' to offer our customers an unparalleled level of service."


 

"As ServNet auction owners, we celebrate a collective milestone in 2013: twenty-five years as industry's "premiere network of independent auto auctions working together to strengthen and build relationships." 

 

 


     

ServNet Auctions Survey Growth in 2012, Plan for 25-Year Milestone in 2013

                                                                          by R. Charles Nichols                                                                                  ServNet President

December is a busy time for all of us, the year hastening to a close as we hurry to complete annual reporting, financial reviews, and forecasting for the coming year amid holiday celebrations with colleagues, friends and family. Before we bid farewell to 2012, may I take this opportunity to assess ServNet's achievements. We have much to be proud of, and, as we examine our progress and plan for the future, we have much to look forward to in the coming year. 

The past year has been an excellent one for ServNet Auctions, which are, in fact, tracking year-over-year sales stronger than the industry as a whole. ServNet's market share is on the rise, showing growth of 11% over the past 12 months. Employment is up at ServNet auctions across the country, with more 'boots on the ground' to offer our customers an unparalleled level of service. Our facilities continue to upgrade, the outcome of the group's entrepreneurial efforts and strong capitalization. With economic indicators pointing to increasing numbers of vehicles crossing the auction block in 2013, ServNet auctions are well-positioned to handle the increase in business, which will translate into even more growth for all our facilities across the country. 

I am particularly proud of the work that we have accomplished as a group over the past year by way of the various committees on which the ServNet auction owners serve. Together we have planned industry events, studied market trends and developed new applications for the ever-evolving technological tools at our disposal. The synergy and cooperation between ServNet's auction owners and these committees has created a tremendous opportunity for dialogue and our own "think tank" that is developing new ideas to propel us into the future. Thanks to that think tank, we're watching for exciting developments working in unison with AutoIMS and AuctionEdge in 2013, which will give us the ability to link all of our technology together on multiple platforms. 

We will, however, be moving ahead in 2013 without two key people in the industry, and we mourn the passing of Matt Marks of IARA and Don Meadows of AutoIMS. Their contributions to vehicle remarketing were immeasurable, and they were both great champions of the auctions that make up the ServNet family. We feel the loss of their friendship and collaboration deeply, acknowledging with appreciation the impact they have made on our lives and businesses. 

As ServNet auction owners, we celebrate a collective milestone in 2013: twenty-five years as industry's "premiere network of independent auto auctions working together to strengthen and build relationships." We are pleased to trace tremendous growth in ServNet as a group, and among ServNet auctions individually, since its founding in 1988. What began as a cooperative marketing effort involving 10 auctions 25 years ago has evolved into a network of the nation's top auctions, now 30 members strong, which continues to set standards for best practices and builds effective partnerships with auction customers, from coast to coast. Our mission statement is more than an ideal; it is in fact, a reflection of what we have achieved and continues to influence the decisions we make moving forward. 

As we approach the New Year, I want to express my appreciation to the many people who contribute to the success of the ServNet auction group: the ServNet auction owners for their unwavering commitment to excellence; the auction employees who work so hard to maintain the highest standards of service; the men and women who are dedicated to maintaining the health of our industry; and our many valued customers. I am thankful for my association with each one of you, and wish you a wonderful holiday season, and a prosperous New Year.

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