Greater Rockford Auto Auction Selects OnLine Ringman™

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Greater Rockford Auto Auction (GRAA) of Rockford, IL, has selected Auction Management Solution’s patented OnLine Ringman™ application to provide Internet bidding for its auction. Auction Management Solutions, Inc., headquartered in Tampa, FL, is the world leader in asset disposition technology and solutions.

Greater Rockford Auto Auction (GRAA) of Rockford, IL, has selected Auction Management Solution’s patented OnLine Ringman™ application to provide Internet bidding for its auction. Auction Management Solutions, Inc., headquartered in Tampa, FL, is the world leader in asset disposition technology and solutions.

GRAA Sales/Marketing Manager Chad Anderson said the company selected AMS’s patented technology because of the company’s reputation and name recognition throughout the industry. “OnLine Ringman™ is well known as an industry leader in online vehicle sales,” he said. “I was very impressed with their professionalism, commitment and follow-through throughout the decision-making process.”

Greater Rockford Auto Auction, owned by D.M. “Swede” Clark, is a 31-year-old operation that runs 1,000 cars a week. It features dealer consignment and fleet/lease accounts such as M&I Dealer Finance, GE Remarketing and many others.

Anderson said that GRAA expects that the OnLine Ringman™ system, along with other marketing communications strategies, will increase the company’s buyer base. ”We expect to gain customers who are either too busy or too far away geographically to purchase vehicles through traditional methods,” he said. “The OnLine Ringman™ system will create a virtual sale environment to foster additional sales.”

AMS President and CEO Nancy Rabenold said, “Growth in OnLine Ringman™ is very positive. The online system will add value without disturbing GRAA’s traditional festive atmosphere and commitment to customers. It demonstrates that the market perceives value in the patent recently awarded to AMS for OnLine Ringman™, which continues to assist our customers in revolutionizing the remarketing industry. In the same way we delivered on our vision of OnLine Ringman™, we are committed to deploying systems that will further advance technology’s role in today’s auction environment.”

The OnLine Ringman™ system integrates online bidding by closely duplicating the traditional auction experience without altering the live auction, broadening the event’s range while increasing operating efficiency. Auction Management Solutions invented and patented the online auction supplement for live auctions.

Anderson remarked that GRAA buyers and consignors both would benefit from the addition of Internet bidding. “Buyers benefit from the ability to attend more auctions when their time is scarce and consignors benefit from increased bidding activity,” he said.

About Auction Management Solutions

Auction Management Solutions, Inc., is the premier technology infrastructure provider to the asset disposition industry and is the sole owner and developer of the patented OnLine Ringman™ system. As the world leader in asset disposition technology and solutions, AMS's "OnLine Ring&trade" family of products is the foundation of a sophisticated Internet infrastructure and strategy for auction houses and manufacturers worldwide. Its tools are used by industry leaders in major market segments. Founded in 1996 after years of research, AMS is dedicated to innovation and focused solely on the asset disposition and related data services industry. The company’s solutions ensure that the traditional auction is supported while providing tools and the broadest line of technological solutions available to better serve its customers.

Auction Management Solutions

410 South Ware Blvd.

Tampa, FL 33619

(813) 621-7881

http://www.auctionsolutions.com/

About Greater Rockford Auto Auction

Greater Rockford Auto Auction was founded in 1974 by D.M. “Swede” Clark. GRAA has expanded several times and now runs 1,000 cars a week. GRAA features dealer consignment and fleet/lease accounts. Fleet/Lease/Consignment sales are on Wednesdays, with a monthly salvage and impound sale on the second Friday of each month.

Greater Rockford Auto Auction

Rockford, IL 61109

(800) 830-4722

http://www.graa.net/

Contact:    

Nancy J. Rabenold, AMS (813) 621-7881

Chad Anderson, Greater Rockford Auto Auction (815) 874-7800

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