Columbus Fair Auto Auction  announced that it has been tapped for the second year in a row by Ally Financial to receive its Leadership Auction of the Year award in recognition of its overall sales performance last year.

“We value the Ally Financial relationship and strive to differentiate our auction through process and execution”, Alexis Jacobs, CFAA chief executive officer, said in a news release. “This award is a testament to the entire team and their work effort.”

CFAA was founded by Jacobs’s father, William Jacobs, in 1959.

The auction currently has 11 auction lanes, a reconditioning center, a 48-bay body shop, a mechanical repair center, an on-site test track, and a full-service restaurant, according to the CFAA website.

NAAA revises arbitration policy

In other auction news, the National Auto Auction Association announced on Monday that its auction standards committee has updated its arbitration policy and guidelines.

The committee made several changes, and their edits include the exclusion of previous policy material as well as the addition of new material.

To view each of the committee’s changes, click here.

The parts of the policy the committee has newly omitted is written in red and all new policy content is in green. 

NAAA’s final version of its updated policy and guidelines can be accessed via the "Policy" section on www.naaa.com.