The National Auto Auction Association announced this week that it has increased funding for its Warren Young, Sr. Scholastic Foundation, to be used for its annual merit scholarships, by $1,000. The new total funding amount, $52,000, will continue to help allow the nonprofit organization to give scholarships for both full-time and part-time students pursuing education at four-year, two-year, and vocational-technical schools.

The increase was voted and approved by the organization’s board of directors following the success of the Black Book Pedal Car Auction, the fundraiser held during the 2014 NAAA Convention, which raised $576,300 for the NAAA’s scholarship program, over ten times the original fundraising goal.

“It didn’t take long after seeing the results of the pedal car auction for the board to meet and reach its decision to increase the amounts,” Jack Neshe, 2013-2014 NAAA president, said. “We were extremely gratified by the support that far exceeded our expectations and felt such generosity required a gesture in the same spirit on our part.”

Starting next year, the program will offer eight $5,000 scholarships for full-time study at four-year institutions and four $3,000 scholarships for study at two-year colleges or vocational-technical schools. The association has previously provided 120 scholarships for students since it established the program in 2004.

In other auction industry news, KAR Auction Services announced this week changes in its IT Shared Services department. Changes include the promotion of Chris Seitz to vice president, a newly created position, while George Shaughnessy, the director of ITSS, assumes responsibility for infrastructure services. The organization also welcomes Ryan Kreag, who assumes the role of director of platform services. Mary Kineatz has been promoted to Shaughnessy’s former position and takes on the role of director of ITSS.

“I’m very excited about these changes,” Gary Watkins, the chief information officer of ITSS, said. “Our new service delivery model streamlines responsibility for all aspects of IT Shared Services while reacting additional leadership positions, supporting career growth and allowing IT Shared Services to scale in size.”