NextGear Capital has created two new industry awards to recognize independently-owned auto auctions for their dedication to and support of the industry. The introduction of these two awards will take place at the National Auto Auction Associations annual convention on Sept. 4th in Indianapolis, Ind.
The Operational Excellence Award will be presented to the auction that demonstrates excellent efficiency, top sales retention and overall operational performance, and most effective response to the needs of NextGear Capital. Remarketing Excellence Award will recognize the auction that demonstrates 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).
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