Carmel, IN – Tuesday, August 6th, 2024 – America’s Group, a leading nationwide vehicle auction and remarketing company, announces its acquisition of Motley’s Richmond Auto Auction. This strategic move enhances the company’s robust portfolio and follows the recent acquisitions of San Antonio Auto Auction and Corpus Christi Auto Auction. These acquisitions mark significant milestones in America’s Auto Auction’s projected growth over the next 18 months, further solidifying its status in the auction industry.
Located in the Mid-Atlantic region, Richmond Auto Auction features 500 dealer-consigned, fleet, lease, and repo vehicles across five lanes every Friday at 9:30 AM. Additionally, RAA hosts a GSA Public Auction every third Friday and provides nationwide digital capabilities. The auction has built strong relationships with financial institutions and has earned a reputation for excellent customer service, partnering with dealers, lending institutions, and government agencies.
“Richmond Auto Auction’s dedication to customer satisfaction and superior service reflects the core values of our business,” said Chuck Tapp, CEO of America’s Group. “This acquirement allows us to offer a broader selection of vehicles and reaffirms our commitment to providing top-notch services to our customers, wherever they are located.”
Mark Motley said on selling the business, “After owning the auto auction for over 34 years, my family and I believe it was time to move aside and let America’s take the Richmond Auto Auction to the next level. Selling your business can be a tough decision, but America’s has demonstrated a high level of professionalism and best business practices that made the decision much easier. Words cannot convey our sincere gratitude to our buyers, sellers and our dedicated staff. Although it’s like selling your first-born, I believe the auction is in good hands with America’s.”
The acquisition extends America’s Auto Auction’s reach to 41 auction locations, enhancing its ability to serve customers both at physical auction sites and digital platforms across the country.
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