CPS Taps ADESA Lexington for Honor
CARMEL, Ind. — On Monday, ADESA Lexington revealed that the operation won the 2009 Consumer Portfolio Services Auction Recognition Award in the category of best retention.
Executives explained that best retention means ADESA Lexington provided the top recovery rates, despite a tough economy. They said vehicles sold for an average 92.9 percent of book value.
This is the second consecutive year ADESA Lexington has received this prestigious honor.
"This award means a lot to us — we have a dedicated group here, and it is a great recognition for the team," stated ADESA Lexington general manager Jason Martin.
"It's been terrific to work with CPS over the years," Martin added.
Officials pointed out that CPS evaluates auctions in three award categories — best retention, best fleet/lease department and best overall auction. They stressed that all aspects of the liquidation process are evaluated to determine winners, including the drop-off process, title issues, reconditioning, customer services, vehicle sales and recovery rates.
"Jason and his team did an excellent job at maintaining our account through a challenging year," said Laurie Straten, vice president of asset recovery for CPS.
"ADESA Lexington is a great fit for our company's objectives," Straten continued.
CPS remarketing representative Mike Scott will present the award on April 21 to Martin and Vince McNeal, ADESA Lexington's fleet/lease manager.