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FREDERICK, Md. — The National Auto Auction Association recently revealed that its auction standards committee has drafted the latest wholesale certification standard.

The committee also has invited members and other segments of the industry to review and submit comments.

NAAA emphasized that the wholesale certification standard is aimed at achieving several objectives:

—Decrease buyers' risk as uniformity will aid in removing ambiguous points that exist in certification programs today.

—Increase buyers' confidence.

—Speed up retail turn.

—Create a more loyal dealer following that will yield a quicker dealer return to auctions

The committee provided the wholesale certification standard online at this Web page.