SmartAuction & Renovo Begin Selling Repo Models from Secure Storage Facilities
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LAS VEGAS –
With the Re3 conference taking place today, Ally Financial’s SmartAuction teamed up with Renovo Services to announce that they have started selling repossessed vehicles directly from secured storage facilities throughout the country.
ReposDirect.com, a Renovo company, will utilize SmartAuction as a resource for lenders to sell vehicles more quickly, more economically and with less risk of damage, according to officials.
For dealers, this can serve as a central source to buy repossessed vehicles nationwide.
ReposDirect.com will coordinate inspection and final transport for all vehicles after the sale.
Users of SmartAuction will have access to ReposDirect.com vehicle listings from all secured lots, and the site will continually be updated with new offerings.
“The ability to move repossessed vehicles back into the market quickly and efficiently maximizes value for lenders and dealers,” said Kevin Flynn, chief executive officer of Renovo Services.
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“We’re pleased to be able to offer to our customers access to one of the most vibrant selling communities in the industry. SmartAuction’s technology expertise and broad user base further helps Renovo Services strengthen its reputation as a leading provider of vehicle transition solutions. Through our investments in technology and integration, we are poised for tremendous growth in 2012 and beyond,” he added.
“The addition of Renovo’s vehicle inventory to SmartAuction provides even more choices for the thousands of buyers that depend on the online market SmartAuction offers,” said Steve Kapusta, vice president of SmartAuction.
