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SmartAuction Signs Deal with CenterOne Financial Services

October 21, 2009


SmartAuction, the remarketing industry’s leading, upstream wholesale auction Web site, has signed a deal with CenterOne Financial Services LLC (CenterOne) to begin listing its off-lease vehicles for sale.

CenterOne is the division of World Omni Financial Corp. that handles remarketing for numerous financial organizations and captives including Southeast Toyota Finance (SETF).

“The addition of CenterOne and SETF to SmartAuction is a very significant step in the ongoing diversification of our auction vehicles,” said SmartAuction Managing Director Mark Newman.  “They are established and well-respected fixtures within the world of both automotive finance and account servicing.  I expect this initial cooperative effort will mark the beginning of a longer term relationship.”

Adding CenterOne and SETF reflects the continued consignor growth and diversification of vehicles being listed and sold on SmartAuction. In addition to the growing consignor base, SmartAuction is also enjoying a record year with more than 1,900 new dealer registrations reflecting a diverse collection of dealer sizes and brand affiliations. World Omni will integrate SmartAuction into its overall multi-channel remarketing efforts.

 “CenterOne and SETF are pleased to be able to include SmartAuction as part of our overall remarketing solution,” said Mike Tiufekchiev, vice president of Operations.  “SmartAuction provides on-line exposure of our off-lease vehicles to a new buying base.”

About CenterOne Financial Services LLC?CenterOne ( HYPERLINK "http://www.centeronefinancial.com" www.centeronefinancial.com), is headquartered in Deerfield Beach, Fla., and leverages more than two decades of experience in the automotive industry. CenterOne is part of World Omni Financial Corp., a subsidiary of JM Family Enterprises, Inc. ( HYPERLINK "http://www.jmfamily.com/" \o "http://www.jmfamily.com/" www.jmfamily.com).

About SmartAuction

Launched in 2000, more than 3 million vehicles have been sold through SmartAuction since its inception. In 2008, approximately 435,000 units were sold on SmartAuction representing 40 different vehicle makes. With more than 9,200 registered SmartAuction users, nearly 4,200 franchise and non-franchise dealers log in daily to SmartAuction. For more information about SmartAuction visit  HYPERLINK "http://www.smartauction.biz" www.smartauction.biz.

10/21/09


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