In his year-end message to the auction industry, Eric Autenrieth, ServNet's President, surveys the group's 30th anniversary year, highlighted by the addition of its 23rd auction location and business solutions that will carry forward into 2019.
Another year draws to a close. As we all pause to take stock of the past 12 months, to straighten our desks in preparation for a break from the flow of traffic through our auction lanes to enjoy the holidays, I look back on a great year in business, topped by 30 years of growth and success among our group of ServNet auctions.
As I reported earlier this year, the market has continued to be interesting, though positive. Tax time took hold early and never really stopped, with the dip we generally expect to see following the arrival of refund checks not really materializing until late in the fall. While dealer inventory was lighter than in years past, our auctions made up for that in institutional business: repossessions, off-lease units and rental returns. Dealers who reported shortages in inventory looked for cars on all platforms, which has resulted in strong pricing and strong conversions.
Along with a dynamic market, customers enjoyed an exceptional customer exeperience at ServNet auctions across the country in 2018.