INNISFIL, Ontario -
North Toronto Auction recently struck a deal with Kia Canada in which the remarketing sales of the service buyback vehicles from the automaker are conducted through the Ontario-based auction.
Per the partnership, North Toronto Auction’s physical and online sales are the exclusive avenues for selling these units from Kia Canada.
Officials said the first of these sales was held last month and was met with great success. In fact, the sales conversion was 100 percent, they noted.
“This is going to be a great relationship between two emerging companies in the industry,” said North Toronto Auction owner/partner Frank Panza.
“It is refreshing to work with progressive fleet managers like Richard Pasta and George Lykopoulos, who have the vision to utilize an independent auction’s remarketing process for their service buy back vehicles. There is really an unlimited potential for this relationship,” he continued.
Kia Canada’s Richard Pasta chimed in, noting: “North Toronto Auction gives Kia Canada additional market exposure for our service buyback units.
“Our participating dealers gave incredible feedback after our first auction,” he added. “The dealers are already inquiring as to when the next auction will be held.”