DALLAS -

ServNet executive staff and owners of its 31 independent auctions turned their attention to industry analytics, at the semi-annual business meeting and Meet the Owners luncheon, held April 16-17 in Dallas.

The group also announced a new auction addition, coming later this spring.

ServNet chief executive officer Pierre Pons reported that Day 1 meeting attendees met with Joe Miller of AASC/AutoIMS, who introduced the new tool LiveAnalytics, which measures business performance using AutoIMS data.

The group also met with David Kashmere of Experian, who discussed the data analysis available with Experian’s AutoCount product.

“With data available from all auctions in the group and cutting edge tools available from our industry partners,” Pons aid, “ServNet auctions offer their customers market data and comprehensive analytics for all regions, coast to coast.”

Day two of the meeting was opened by ServNet president R. Charles Nichols, who is also managing partner of BSC America’s Bel Air and Tallahassee Auto Auctions.

Pons highlighted the group's 25-year history, saying, “ServNet was born in 1988 with just 10 auctions. This family of auctions went through a number of stages in the ensuing years … growing, then shrinking, then experiencing a rebirth in 2008.

“Now celebrating its 25th year, ServNet stands at 31 members strong,” he said, “and will be adding yet another location later this spring, of a green field auction in the Pacific Northwest: DAA Seattle, being developed by Bob McConkey and Greg Mahugh.”

Pons also paid tribute to ServNet auction industry veterans Henry and Patty Stanley. Henry Stanley was recently named 2013 Remarketer of the Year by Bobit Business Media, while Patty Stanley was recognized by Auto Remarketing as one of the 2013 Women in Remarketing, and will assume duties as ServNet president later this year.

“The Stanleys’ leadership as ServNet auction owners is legendary,” said Pons. “Both are also tireless in their efforts in support of the industry at large, and we congratulate them on recent and well-deserved honors.”

Day 2 also included the Meet the Owners luncheon, with keynote speaker David Weld, CEO of AuctionEdge, who acknowledged ServNet’s contributions to that company’s development.

Weld also noted that six members of the AuctionEdge Board of Directors are from ServNet auctions: Bob McConkey, John Brasher, Ty Brewer, Henry Stanley, John Luce and Emily Barber.

“With the increasing number of sales moving online and upstream, independent auctions need their own marketplace,” Weld said as he reviewed the migration of AuctionPipeline’s to Edge Marketplace. The full product suite includes an auction management platform, online marketplace, and simulcast selling capabilities.

In concluding the meeting, Nichols said, “ServNet auctions continue to raise the bar in our industry, working to develop new technology, improve selling tools, and build on the values and practices that differentiate our auctions in all parts of the country.”

Meeting attendees included representatives from Ally Servicing, Auto Motives, Cap Rock Remarketing, Capital One, Chrysler Corp., GM Financial, Harley Davidson Financial, Hertz Corporation, Santander Consumer USA, TD Auto Finance, UACC, AuctionEdge and AutoIMS.

 

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