Auto Remarketing Magazine - September 2012
September 4, 2012 | COLTON, Calif.
By Auto Remarketing Staff
A transferable auto warranty designed to protect dealer inventory was recently announced by ABS Auto Auctions.
The company launched its new Buyer Shield Limited Powertrain Warranty in early August, when the company began offering the warranty as standard equipment on most vehicles sold through its auctions.
ABS said Buyer Shield offers 90-day, 500-mile limited powertrain coverage for the dealer while a vehicle is in any dealer’s inventory, then transfers when the vehicle is wholesaled or retailed.
The warranty covers the engine and drive train of a vehicle, and is designed to protect the dealer from unforeseen repairs while the vehicle is in dealer inventory, the company said.
ABS Auto Auctions Celebrates 20 Years of Industry Leading Automotive Remarketing
This year (2013), ABS Auto Auctions is celebrating our 20th year in business. ABS has evolved over these 20 years from the humble beginnings of a single bid sale in San Bernardino, CA to the nation's largest "Sealed-Bid" Auto Auction, now with 10 locations in the Southwest United States (Southern and Northern California, Oregon and Nevada). We also now have our own finance company, ABS Finance, which provides flooring lines to our dealers from $10,000 up to $1,000,000.
Founded in 1993 by our President, Tom Harmon, ABS now offers the largest sealed bid auto auction in the country. Our system consistently delivers the most money for your wholesale inventory in the least time. Our time-proven processes, technology and innovative systems involve a sealed bid auction, state-of-the-art online functions, and a commitment to world-class customer service.
Currently, over 600 new car dealers sell 70,000+ vehicles a year to our 1100+ registered buyers using ABS auction programs. For over 20 years, ABS systems have continually improved with one idea in mind: To increase your profits and simplify remarketing efforts.ABS is currently headquartered in the heart of Southern California's "Inland Empire" with our corporate offices located in sunny Colton, CA. We are scheduled to move our corporate offices from Colton, just down the 91 Freeway to Corona, CA in late June, 2013.
The success of ABS Auto Auctions comes from our proprietary "sealed bid" auction system that benefits both our dealership sellers and wholesale buyers in unique ways. ABS benefits our selling dealers by exposing their inventory to literally hundreds of buyers every week through our local bid sales, Frontline LIVE booksheet sale and online bidding system. This ensures our that our sellers get their vehicles in front of the buyer who will pay the MOST for their wholesale merchandise.
We benefit our BUYERS by providing a massive selection of fresh, new car dealership trade-ins at all of our auctions and online every week at 10 different locations. Buyers are sure to find the right type and price range of vehicle that will work perfectly for their own retail or wholesale operations.
Today, ABS employs over 200 workers in four different states. We are proud to be on the cutting edge of technology and industry systems that have given us 20 fantastic years of "Industry Leading Automotive Remarketing."