Manheim Southern California has opened a new 25-acre auction facility in Fontana, Calif., to better meet the needs of its rapidly expanding specialty and heavy truck and equipment customer base.
The new location, just under a mile from the original facility, is exclusively dedicated to serving the specialized needs of pre-owned boat, RV, and heavy trucks and equipment customers, according to a news release.
“We outgrew our original location during 2009 as a result of ongoing demand for quality Specialty inventory,” says Tim Van Dam, general manager of Manheim Southern California. “Sales are still powering ahead at a significant pace and on average, we now offer more than 250 Specialty units per sale. We feel our facility, supported by a dedicated Manheim Specialty team, is the right solution for our customers.”
Dealers who choose to experience auction excitement live and in person are invited to visit the new facility at 11087 Elm Ave. in Fontana. Manheim Southern California hosts weekly specialty sales at the new location every Thursday at 9:30 a.m. Each month, boats and RVs are featured on the first Thursday, heavy trucks and equipment on the second Thursday, and RV-only sales are the third Thursday.
“Specialty and heavy truck and equipment dealers continue to face inventory challenges this year, and we’re seeing strong competition for fresh, top-quality units from the 400-plus dealers who participate in our weekly Specialty sales at Manheim Southern California,” said Van Dam. “By dedicating our new location exclusively to boats, RVs, and heavy trucks and equipment, we’re adding more buying and selling opportunities for customers.”
In addition to experiencing the action of a live auction in person, remote bidders and sellers can continue to enjoy the online convenience of Manheim Simulcast and OVE.com, including the weekly Thursday Thunder Online Event Sale. Thursday Thunder allows dealers to take advantage of open bidding on Manheim’s entire nationwide inventory of pre-owned Specialty vehicles without leaving their office.
For more information on upcoming Manheim Specialty and Heavy Truck & Equipment auctions, contact Manheim Southern California (909) 822-2261 or visit www.manheimspecialtyauctions.com.
Nearly 600 RVs will be sold at a Ritchie Brothers-sponsored auction June 9 in Houston.
The RV auction will be part of a two-day event at the company’s permanent auction site in Houston. The auction features more than 2,900 equipment items, including late model cranes and unused bottom dump trailers, as well as a selection of construction and transportation equipment, according to a website posting.
- Auction Headquarters: Sheraton North Houston Hotel (281) 442-5100.
- First-time bidders from Canada and the United States must place a refundable $1,000 deposit when they register.
- An administrative fee of 10% will be charged on all items selling for $ 2,500 or less.
- No item may be removed until purchases are paid in full.
- Auctioneer: Gregory M. Highsmith #13285.
For more information visit www.rbauction.com.
KAR Auction Services Inc., parent company of RV auction firm ADESA Inc., announced Thursday (Dec. 10) that the company has priced its initial public offering of 25 million shares of common stock at $12 per share, according to a news release.
The common stock of the Carmel, Ind.-based auction firm is expected to begin trading today (Dec. 11) on the New York Stock Exchange under the symbol “KAR.” The company has granted the underwriters a 30-day option to purchase up to an additional 3,750,000 shares of common stock on the same terms and conditions.
Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC, BofA Merrill Lynch and J.P. Morgan are acting as the joint bookrunners for the offering. Barclays Capital and BMO Capital Markets are acting as lead managers for the offering. Baird, Barrington Research, BB&T Capital Markets, RBC Capital Markets and Stephens Inc. are acting as co-managers for the offering.
KAR Auction Services Inc. is the holding company for ADESA, Inc., a leading provider of wholesale used vehicle auctions whose operations span North America with 62 used vehicle sites; Insurance Auto Auctions, Inc., a leading salvage auto auction company whose operations span North America with 152 sites; and Automotive Finance Corporation, a leading provider of floorplan financing to independent and franchised used vehicle dealers with 87 sites across North America.
The Premier Auction Group will be adding to its chain of auction sites with a new dealers only site in North Las Vegas, Nev., offering auto, RV, marine and powersports auctions starting Oct. 9.
“This is our first venture out West and will be the largest Premier auction in the chain,” stated John Sullivan, vice president of PAG Investment Services, parent company of the Premier Auction Group. “We are very excited to open in Las Vegas. The location and attraction of Vegas presents an unlimited marketing strategy and great opportunity for us.”
Premier’s Las Vegas Auction is strategically located in the Las Vegas metro area, offering service to the entire Southwest region.
“The initial response from our customers and potential clients has been tremendous,” said Bob Hubregsen, president and owner of Premier. “Once again, we will be offering all of the services that our dealers expect, including live simulcast, in-house reconditioning, mechanical and transportation services with the personal attention that every Premier Auction is known for.”
Paul McRae, national accounts manager for Premier and general manager of Bay Auto Auction, will be managing the new facility.
“Paul has been with us since day one. His auction knowledge and expertise will make our October opening as seamless as possible for our customers,” added Sullivan. Matt Zientak, assistant general manager for Bay Auto Auction, will taking over the lead role at Bay.
Premier’s six-lane, 25,000-square-foot facility is located off Interstate 15 and is serviced by McCarran International Airport.
The Premier Auction Group consists of Bay Auto Auction, Great Lakes RV/Marine/Powersports Auction, Premier’s Las Vegas Auction, Montpelier Auto Auction of Ohio, Wisconsin Auto Auction, Western Wisconsin Auto Auction and East Tennessee Auto Auction.