BROOKFIELD, Wis.--(BUSINESS WIRE)--
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, today named Manheim
Louisville of Clarksville, Indiana, the top performing automobile
auction of 2016. Manheim Louisville was a strong performer throughout
the year, both in terms of sales effectiveness and operations.
With the number of vehicles reaching the end of their lease set to rise
to four million in 2018 according to Auto Remarketing, auto auctions are
more important than ever for lenders. Fiserv, which has been ranking
auctions since 2001 to identify qualified partners, managed the
remarketing of more than 85,000 vehicles in 2016. The top three auctions
are scored on overall sales effectiveness, operational excellence, sales
preparation and marketing in the calendar year.
"Vehicle remarketing can be a challenging proposition for lenders
seeking to quickly and cost-effectively move inventory," said Jarrod
Nawojski, auction sales and performance manager, Lending Solutions,
Fiserv. "Developing and implementing an effective vehicle disposition
strategy is more than placing ads or sending inventory to auction. This
is an understanding that Manheim Louisville embraced, putting in
tremendous effort to make Fiserv and our clients a top priority. Their
ability to attract both a large local and regional buyer base translated
into strong prices for our clients' vehicles."
Auto Auction, of Anderson, South Carolina - winner of the National
Quality Award for the past three consecutive years - ranked second. ADESA
Birmingham in Moody, Alabama, ranked third overall for 2016.
Fiserv also recognized auctions for excellence in the following areas:
Carolina Auto Auction - Operational Excellence
Manheim Louisville - Customer Service
Auto Auction, based in Leesville, South Carolina - Sale Preparation
Manheim Louisville - Marketing
To be eligible for the Top Performance designation, an auction must be a
member of the National Auto Auction Association, have sold vehicles with
Fiserv for 12 months or more, have a minimum of eight represented sale
audits in the calendar year, and have sold more than 500 vehicles in the
As part of Fiserv end-to-end outsourcing services for auto finance, its
extensive remarketing capabilities are a unique industry support
function offered to lenders that do not have a steady volume to perform
these functions in-house nor want to manage the function internally.
In a world that is moving faster than ever before, Fiserv helps clients
deliver solutions that are in step with the way people live and work
today — financial services at the speed of life. Learn more at fiserv.com.
Fiserv, Inc. (NASDAQ: FISV) enables clients worldwide to create and
deliver financial services experiences that are in step with the way
people live and work today. For more than 30 years, Fiserv has been a
trusted leader in financial services technology, helping clients achieve
best-in-class results by driving quality and innovation in payments,
processing services, risk and compliance, customer and channel
management, and insights and optimization. Fiserv is a member of the
FORTUNE® 500 and has been named among the FORTUNE Magazine World's Most
Admired Companies® for four consecutive years, ranking first in its
category for innovation in 2016 and 2017. For more information, visit fiserv.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170622005256/en/
Elizabeth McMillan, APR
Manager, Public Relations
Source: Fiserv, Inc.
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