ServNet wraps up its 30th Anniversary Year with another upswing in growth, adding FastLane Auto Exchange as its 23rd auction .location.
"The ServNet auction owners welcome yet another new facility to our ranks," said ServNet President Eric Autenrieth. "Led by owner/operator Greg Price, an industry veteran who comes from second-generation family lineage in the industry, FastLane Auto Exchange is taking the industry by storm, recording exponential growth over the past two years. Greg is a colleague with great experience and talent, and we are pleased to expand ServNet's geographic footprint into the all-important upper Midwest region."
Located just north of Flint Michigan in Mount Morris, FastLane Auto Exchange has been in operation since 1978, and was purchased by a group led by Greg Price in January of 2017. Under Price's leadership, the auction has undergone a staggering transformation, expanding in less than 2 years from an evening sale running 100+ vehicles a week on one lane to a Wednesday afternoon auction featuring 700+ vehicles on 8 lanes.
"I have spent my life in the auction business and have always considered ServNet auctions to be the best of the best," said Price. "With a prestige that is unmatched, ServNet auctions have distinguished themselves by consistently offering an exemplary auction experience, blending superior service and genuine customer relationships. We have worked hard at FastLane Auto Exchange to prepare our operation to provide that level of service, and are thrilled to be counted among the auctions in the ServNet group."
Price attributes the meteoric growth of FastLane Auto Exchange to integrated services offered by the facility that benefit all the auction's customers, particularly those from Canada, who make up nearly 43% of the auction's dealer base. He explains that FastLane Auto Exchange is unique in that it can handle all aspects of the auction process for its Canadian dealers from start to finish: transport, registered importing, speedometer conversion and title exchange, in addition to body, mechanical and recon work, and upstream and in-lane exposure to a huge buyer base.
"All the services we offer are provided by FastLane Auto Exchange and our sister companies, and are managed by an experienced team that takes service to heart," explains Price. "We handle it all, every step of the way for our customers. We're the only auction in the country that I know of that can manage those processes for both our US and Canadian customers, a benefit that has contributed to our growth and success."
FastLane Auto Exchange hosts an average of 360 dealers at its weekly sale, held on Wednesday at 12:30 pm. The secured 70-acre facility includes 8 auction lanes, and a new, state-of-the art reconditioning and mechanical facility.
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 is managed by TPC Management with headquarters in Franklin, Tennessee.