February 01, 2008
Contact: Neil A. Boardman
252.215.2177
Regional Acceptance Corporation
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ADESA HOUSTON
NAMED AUCTION OF THE YEAR FOR 2007
BY REGIONAL ACCEPTANCE CORP.
HOUSTON, TX – Adesa Houston was named 2007 Auction of the Year by Regional Acceptance Corp., it was announced today. This marks the first year Adesa Houston has received this award from Regional Acceptance. Regional Acceptance Corp. is a national automotive finance company with 37 branch locations that service the United States. This is the third year Regional Acceptance has given the "Auction of the Year" award.
Adesa Houston’s general manager, Steve Swinford said "On behalf of myself, and our staff, we would like to extend our appreciation for recognition as Auction of the Year for 2007. This award is something we’re very proud of, but more important is the relationships we’ve forged with the Regional Acceptance team. Again, we appreciate the recognition and we look forward to continuing to grow the relationship into the future."
Jennifer Turpin, Fleet/Lease Manager for Adesa Houston adds "Everyone at ADESA Houston appreciates the opportunity we’ve been given to build a long lasting partnership with Regional Acceptance in their remarketing needs. Our dealers recognize that vehicles carrying the Regional Acceptance name come with integrity and assurance. We are honored and proud to have been named the 2007 Auction of the Year for Regional Acceptance and look forward to growing this partnership for 2008."
Adesa Houston is one of ten auctions that competed for the award in 2007. This is their first complete year of servicing for Regional Acceptance. Adesa Houston had previously serviced Regional Acceptance’s Portfolio Acquisition Group, before taking on the full product mix that Regional Acceptance offers.
Neil Boardman, Vice President of Recovery and Remarketing for Regional Acceptance Corp. stated "We are very excited to present this award each year to the most outstanding auction we partner with. Adesa Houston has set a new high in servicing and economic returns, which we can only hope will bleed over into all our other auction partners. We look forward to their continued commitment to excellence and continued success with our company"
Regional Acceptance’s SVP of Special Assets, Scott Collier added "Since becoming one of our business partners, Adesa Houston has grown to be one of our largest and best-performing auctions in the nation and achieving this award demonstrates that. We greatly appreciate their commitment to excellence and look forward to a long and prosperous relationship."
Executive Director of Sales for Adesa, Tom Haeberer, states "Adesa Houston’s people, dedication of service and customer focus all combined are what won them the Auction of the Year award. Regional Acceptance and their associates have been very interactive partners to work with and it is this great partnership that allows us all to be successful."
Regional Acceptance Corporation uses approximately 15 auctions and an external remarketing company to sell repossessed vehicles throughout the country. This award is given annually to the winning auction in the first quarter of each year and will also be presented to Adesa Houston at the NAAA convention in late September. Sales results and expenses make up a majority of the criteria for rating the auctions, while customer service and operational effectiveness criteria are used for eligibility requirements.
Special mention should be given to Manheim North Carolina (formally Aycock Auto Auction) of Kenly, NC who finished in an extremely close second place and Manheim’s Darlington Auto Auction of Darlington, SC who rounded out the top three. Darlington AA was the recipient of the 2006 "Auction of the Year" award.