CARY, N.C. – Peter Mogk has strong feelings in favor of the independent auto auction business. “It’s extraordinarily exciting to be on the ground on auction days when vehicles are rolling, and guys are bidding,” said Mogk, who is senior partner for private equity firm Huron Capital. In his early days out of college, Mogk was […]
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CHARLESTON, S.C. – XLerate Group Auctions’ Charleston Auto Auction in Moncks Corner, S.C., has hired Nichole Brannon as executive sales director, noting that Brannon brings 13 years of auto remarketing industry expertise. Brannon was previously senior manager of client services for Manheim Darlington, overseeing the auction’s client-facing departments. “Her practical knowledge of auctions and affinity […]
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INDIANAPOLIS and COLUMBUS, Ohio – After discussions and negotiations that spanned “several years,” Columbus Fair Auto Auction (CFAA) became part of the XLerate Group on Friday afternoon. During a phone conversation with Auto Remarketing just a couple of hours after the acquisition closed, XLerate chief executive officer Cam Hitchcock conveyed a message to customers of CFAA, an auction […]
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SCHOOLCRAFT, Mich. and HOUSTON – Following the retirement this month of former XLerate Group Auctions’ Greater Kalamazoo Auto Auction owner and general manager, Eric Wagner was named the new general manager of GKAA. Wagner brings more than 30 years of auto auction experience for independent and corporate-owned auctions to his new role as general manager. […]
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LUBBOCK, Texas – The newly completed 20,000-square-foot reconditioning facility at Texas Lone Star Auto Auction includes features such as 14 mechanical bays with 10 lifts and three state-of-the-art detail lanes. XLerate Group Auctions’ Texas Lone Star Auto Auction also added two lanes to the six auction sales lanes it currently uses. “And we have increased […]
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