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Auto Dealers' Trainers' & Recruiters News
March 20.2025
2 Minutes Read

Independent Auctions Shine at OVE Awards: Key Insights for Dealers

Group of smiling men at OVID Awards for Independent Auctions event.

Celebrating Innovation in Independent Auctions

The annual OVE Awards, hosted by Cox Automotive in San Diego, recently acknowledged the exemplary performance of independent auctions over the past year. The event celebrated eight auctions that demonstrated outstanding achievements in various categories spanning commercial volume, digital sales, and dealer growth.

The Standout Winners

This year, the honors recognize:

  • Highest Commercial Volume: Norwalk Auto Auction
  • Highest Digital Mix: America’s Auto Auction San Antonio
  • Highest Dealer Sales Volume: America’s Your Auction Tampa Bay
  • Lowest Un-Buy Rate: Orlando Longwood Auto Auction
  • Highest Dealer Sales Growth: Greater Rockford Auto Auction
  • Highest New Seller Growth: Lehigh Valley Auto Auction
  • Highest Conversion Dealer Sales: South Florida Auto Auction
  • Highest Flooring OVE Auction: Bel Air Auto Auction
  • Otto Industry Excellence Award: Bill Corbett, Norwalk Auto Auction

Cox Automotive's Vice President, Connie Suozzo, commented on the significance of these accomplishments, stating, “A rising tide lifts all boats. This year’s winners exemplify excellence, showcasing how independent auctions enable their clients to buy and sell inventory with more efficiency.”

The Role of Digital Innovation

In today’s digital landscape, the ability of auctions to integrate technology into their operations is crucial. This year’s recognition of America’s Auto Auction San Antonio for having the highest digital mix highlights the shift toward modernization within independent auctions. As the industry evolves, adapting to digital sales channels is not just an advantage but a necessity.

NextGear Capital: A Partnership Fueling Growth

Another noteworthy aspect of the OVE Awards was the introduction of a new category focused on partnerships with Cox Automotive’s NextGear Capital. The Bel Air Auto Auction, with its impressive 78-year legacy, won in this category, underscoring the importance of strong partnerships in achieving growth and success. Scott Maybee, President of NextGear Capital, remarked, “Serving independent dealers is our sole focus, and collaborating with our auction partners is paramount to our success.”

The Future of Independent Auctions

As technological advancements continue to reshape the automotive landscape, independent auctions are likely to evolve further. The focus will remain on enhancing customer experiences through efficient buying and selling processes. In many ways, these auctions are at the forefront of the shift, and their success will serve as a blueprint for other sectors in the automotive industry looking to integrate more digital solutions.

Call to Action: Embrace the Future of Automotive Auctions

For dealership owners and GMs, following the trends highlighted at the OVE Awards is key to staying ahead in the market. Consider how you can leverage technology to enhance your auction processes, and learn from the success stories of these award-winning auctions. It’s time to embrace innovation as a means to drive your dealership’s success.

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