FRANKLIN, Tenn. -

As the year draws to a close, ServNet president R. Charles Nichols took the time to reflect on the company’s performance and achievements for 2012, saying “we have much to be proud of.”

Nichols began by sharing that ServNet’s market share is on the rise, showing growth of 11 percent over the past 12 months.

Commenting on company growth, Nichols said, “Employment is up at ServNet auctions across the country, with more 'boots on the ground' to offer our customers an unparalleled level of service. Our facilities continue to upgrade, the outcome of the group's entrepreneurial efforts and strong capitalization.

“With economic indicators pointing to increasing numbers of vehicles crossing the auction block in 2013, ServNet auctions are well-positioned to handle the increase in business, which will translate into even more growth for all our facilities across the country,” he continued.

The company is also celebrating its 25th anniversary in 2013, as well.

“What began as a cooperative marketing effort involving 10 auctions 25 years ago has evolved into a network of the nation's top auctions, now 30 members strong, which continues to set standards for best practices and builds effective partnerships with auction customers, from coast to coast,” Nichols said.

The ServNet president also shared his enthusiasm for ServNet members’ collabortative efforts during the past year as well as their work on various industry committees.

“The synergy and cooperation between ServNet's auction owners and these committees has created a tremendous opportunity for dialogue and our own ‘think tank’ that is developing new ideas to propel us into the future. Thanks to that think tank, we're watching for exciting developments working in unison with AutoIMS and AuctionEdge in 2013, which will give us the ability to link all of our technology together on multiple platforms,” Nichols further explained.

Though the company enjoyed significant growth in 2012, its members received some somber news, as well, with the passing of Matt Marks of IARA and Don Meadows of AutoIMS.

“Their contributions to vehicle remarketing were immeasurable, and they were both great champions of the auctions that make up the ServNet family. We feel the loss of their friendship and collaboration deeply, acknowledging with appreciation the impact they have made on our lives and businesses,” Nichols said.

Ending his commentary on 2012, Nichols said, “As we approach the new year, I want to express my appreciation to the many people who contribute to the success of the ServNet auction group: the ServNet auction owners for their unwavering commitment to excellence; the auction employees who work so hard to maintain the highest standards of service; the men and women who are dedicated to maintaining the health of our industry; and our many valued customers.

“I am thankful for my association with each one of you, and wish you a wonderful holiday season, and a prosperous new year,” he concluded.