Carmel, IN – Wednesday, February 5, 2025 – America’s Auto Auction is delighted to announce its expansion into the New Jersey market with the acquisition Car-Tech Auto Auction. This strategic move represents a milestone in the company’s aggressive growth strategy, expanding its presence into a new market. By entering New Jersey, America’s Auto Auction reinforces its position as a leader in the auction industry while broadening its reach to better serve dealers and institutional customers across the nation.
This acquisition is a key component of America’s Auto Auction’s ambitious growth strategy. Headquartered in Carmel, IN, the company now operates physical auction sites across 20 states and offers robust digital platforms, steadily expanding its national footprint to connect buyers and sellers across the country. By integrating Car-Tech Auto Auction into its network, America’s Auto Auction aims to enhance vehicle selection, increase market exposure, and further streamline the auction process for its clients.
“We are excited to expand into the New Jersey market with the acquisition of Car-Tech Auto Auction,” said Chuck Tapp, CEO of America’s Group. “This move strengthens our commitment to growth and our ability to serve dealers and institutional customers nationwide.”
Lou Rapuano, owner of Car-Tech Auction, expressed his confidence in America’s Auto Auction’s ability to build on the foundation he’s established. “Working with America’s Auto Auction on the sale of Car-Tech Auction has been a pleasure,” Rapuano said. “I am confident that this new venture will create many opportunities for our customers and enhance the exposure and sale of their vehicles.”
To ensure a smooth transition and continuity of operations, Rapuano’s sons, Louis and Bobby, who currently manage day-to-day operations as Co-GMs, will remain with America’s Auto Auction. “I’m also happy that my sons, Louis and Bobby, will remain with America’s Auto Auction to help grow the business in New Jersey,” stated Rapuano.
America’s Auto Auction remains dedicated to sustained growth and innovation, utilizing a combination of organic development and strategic acquisitions to elevate its service offerings and broaden its market reach. The integration of Car-Tech Auto Auction into its portfolio marks a significant advancement to play a vital role in the vehicle remarketing industry and set new standards for efficiency and customer satisfaction.
For more information about America’s Group and its comprehensive auction and remarketing services, please visit www.americasaa.com.
About America’s Group
America’s Group (the “Company”) is comprised of America’s Auto Auction and AXLE Funding, leading nationwide vehicle auction / remarketing and floorplan finance companies. America’s Auto Auction is a full-service used-vehicle auction services provider that facilitates the wholesale remarketing of used vehicles for B2B customers, delivering a critical liquidity function to enable the used car sales ecosystem. Based in Carmel, IN, America’s Auto Auction facilitates the selling and buying of used vehicles at physical auction sites across 19 states as well as on digital platforms. The Company’s daily mission is simple and straightforward: to provide quality service and operational execution for dealers and institutional customers.
America’s Group / America’s Auto Auction contact:
Melissa Miller, Director of Marketing