Auction Broadcasting Company's Nashville Site nears $250 Million in OnLine Ringman® Internet Sales

Share Article

Auction Broadcasting Company's location in the Nashville area, which has been using Auction Management Solutions' patented OnLine Ringman® application for its Internet auctions for almost 5 years, reports total Internet sales are nearing $250 million.

Auction Broadcasting Company's location in the Nashville area, which has been using Auction Management Solutions' patented OnLine Ringman® application for its Internet auctions for almost 5 years, reports total Internet sales are nearing $250 million.

Auction Management Solutions, Inc. (AMS), headquartered in Tampa, FL, is the world leader in asset disposition technology and solutions. Auction Broadcasting Company, LLC (ABC), founded by some of the most experienced names in the industry, has nine locations across the country that combine experience and teamwork with the latest technology.

ABC Nashville General Manager Nick Snow says that his location has held 231 events since adopting OnLine Ringman®, with sales topping $249 million. Its last OnLine Ringman® sale was with BMW on September 16.

"OnLine Ringman® has been particularly successful for us because it extends access to bidders interested in the cars that we handle," Snow said. "We are ideally located for Internet sales pulling bidders in from the entire country with Internet bidders logging in from both the east and west coasts. The sales continue to expand with Internet bidders. In 2000, the first year using OnLine Ringman®, our site sold just 80 cars valued at over $2 million. In 2005, ABC Nashville will sell over 1500 cars online valued at over $40 million."

AMS President and CEO Nancy Rabenold said that all the ABC sites have been wonderful partners for growing the success of the OnLine Ringman® application. "ABC understood and quickly demonstrated 5 years ago that OnLine Ringman® would add to the power of auctions without diminishing the auction atmosphere for either onsite or remote bidders."

"We at AMS believe in the future," she said, "and operations such as ABC Nashville are living it."

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.

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, industry leaders in major market segments use its tools. 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, Inc.

410 South Ware Blvd.

Tampa, FL 33619

(813) 621-7881

http://www.auctionsolutions.com/

About ABC Nashville

Located in Old Hickory, just outside Nashville, ABC Nashville is one of nine locations for Auction Broadcasting Company, LLC. The state-of-the-art facility has six auction lanes. Its major accounts include: Chase Auto Finance, Fifth Third Bank, G E Remarketing, Triad Financial, Bank One, Citicapital Fleet, BMW of North America, Isuzu, Suzuki, Kia, Budget Rent-A-Car, Enterprise Rent-A-Car, Dollar Rent-A-Car, Thrifty Rent-A-Car, Donlen Leasing, ARI and Union Acceptance.

ABC Nashville

Old Hickory, TN 37138

(615) 847-7400

http://www.auctionbroadcasting.com/locations/nashville.htm

Contact:    

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

Nick Snow, ABC Nashville (615) 847-7400

# # #

Share article on social media or email:

View article via:

Pdf Print

Contact Author

David Dawson
Visit website