NextGear Capital Recognizes Auction Partners

NextGear Capital, a Cox Automotive brand, presented its fourth annual Auction Partners Awards Wednesday night at the Red Rock Casino and Resort in Las Vegas as part of the 2016 National Automobile Auction Association (NAAA) Convention. The awards spotlight independently owned auto auction leaders in the industry and recognize their years of dedicated service to growing and supporting the overall industry and their communities.

Randy Dohse, NextGear Capital’s senior vice president of operations, welcomed award winners, their guests, and others from throughout the auction industry for an evening reception.
“These auctions serve as examples for others in the industry to follow,” said Dohse. “As partners in their business, NextGear Capital has seen firsthand their commitment not only to superior customer service but their dedication to best practices and community.”

Three auction partners were honored with the Operational Excellence award, which is given to auctions that demonstrate excellent efficiency, top sales retention, overall operational performance and the most effective response to the needs of NextGear Capital.

NextGear Capital also presented a Remarketing Excellence award to the auction that demonstrated the highest percentage of sales recovered based on percentage of valuation of each vehicle and the best sales follow-up (efficient timing on getting proceeds of sales to NextGear Capital).

The 2016 Auction Partner Award winners are:

  • Operational Excellence: West Michigan Auto Auction – Wayland, MI
  • Operational Excellence: San Antonio Auto Auction – San Antonio, TX
  • Operational Excellence: Houston’s 1st Choice Auto Auction – Houston, TX
  • Remarketing Excellence: Carolina Auto Auction – Williamston, SC