Acacia Automotive Announces Augusta Auction Results
Published May 17th, 2009
Acacia Automotive, Inc. has released recent statistics on its Augusta Auto Auction unit.
The auction reported substantial growth in unit sales and fee revenues through April 2009 compared to previous periods, reflecting extreme resilience to recessionary factors that have negatively impacted most other industries. The table below provides a snapshot of the auction’s recent performance relative to previous periods:
Period Unit Sales Fee Revenues Versus Period April 2009 + 86% + 329% April 2008 Q1 2009 + 20% + 20% Q1 2008 Jan – Apr 2009 + 38% + 92% Jan – Apr 2008
The Company cited a series of exceptional events that came together in April that helped catapult it to new record monthly revenues. Those included (a) the award of a disposal sale by the U.S. Bankruptcy Court for a failed Toyota dealership’s used vehicle inventory, (b) a U.S. Marshal’s confiscated vehicle disposal sale under our continuing contract, and (c) disposal of a number of “factory” units for American Suzuki Motor Company. “The auction did an outstanding job in each case,” said David Bynum, the Company’s Vice President of Operations, “and handled its regular weekly consignments in stride with these additional activities.” While these additional activities are not regularly-scheduled events, Acacia’s management is experienced in this role, has the full capability to implement these new operations and other expanded offerings, and is seeking to repeat and expand these new strategies.
Web site: http://www.acacia.bz/
