nextgear Capital Celebrates Auction Partners

CARMEL, Ind. – NextGear Capital presented its third annual Auction Partner Awards last night in Orlando, FL during the 2015 National Auto Auction Association (NAAA) Convention. These awards recognize independently-owned auto auctions for their dedication and support of the industry.

Amidst a festive atmosphere, NextGear Capital President Brian Geitner presided over the awards presentation during an evening reception, held in conjunction with the auction industry’s premier yearly event.

“We’ve fostered many relationships with auctions over the years, helping make the floor plan process simple and efficient,” said Geitner. “However, we recognize that these relationships are a two-way street, and we wouldn’t be who we are today without the dedication, attention to detail and customer-centric focus of our auction partners.”

Four auctions were honored with the Operational Excellence award, which is given to auction partners that demonstrate excellent efficiency, top sales retention, overall operational performance and the most effective response to the needs of NextGear Capital. The Cox Automotive company also presented a Remarketer of the Year award to the auction that demonstrated the highest percentage of sales recovered based on percentage of valuation of each vehicle, the best throughput performance (number of days from when a vehicle is at the auction to days sold) and the best sales follow-up (efficient timing on getting proceeds of sales to NextGear Capital).

The 2015 Auction Partner Award winners are:

• Operational Excellence Award: Acadia Auto Auction – Richmond, ME
• Operational Excellence Award: Rochester-Syracuse Auto Auction – Waterloo, NY
• Operational Excellence Award: Oklahoma Auto Exchange – Oklahoma City, OK
• Operational Excellence Award: Lynnway Auto Auction – North Billerica, MA
• Remarketer of the Year: Tallahassee Auto Auction – Tallahassee, FL