Chase Auto Finance Honors Top U.S. Auto Auctions

Eight auctions across the country recognized for their performance

GARDEN CITY, NY - - Eight auto auctions from across the U.S. garnered awards today as Chase Auto Finance announced its ’2012 Chase Cup for Auction Excellence’ winners. The awards were handed out during the National Auto Auction Association’s annual conference in Orlando, Florida.

The 14th annual Chase Cup award recognizes auto auctions across the country for their exceptional performance in retention, efficiency, expense control, accuracy, sales, operations and service delivery. Chase reviewed the performance of 33 of the nation’s best auto auctions from August 2011 through July 2012. The review examined data measuring how well the auctions handled preparation, sales, invoice processing, transport requests, title processing and other capabilities.

“We’re pleased to recognize these auctions’ elite performance and their distinguished contributions to the used vehicle industry through the Chase Cup,” said Sandra Broderick, senior vice president and operations executive for Chase Auto Finance. “This award reaffirms Chase Auto Finance’s commitment to exceptional customer service and tailored financial solutions.”

ADESA Cincinnati-Dayton won the overall ’Chase Cup’ for best national auction for the second consecutive year and was recognized for delivering the best regional performance in the Midwest.

Other multiple winners included ADESA Golden Gate, which won for lease returns, high lines and best regional performance in the West. Manheim Seattle also received two national awards for custom finance and for prime/near prime/direct finance.

Chase also presented national awards to Columbus Fair Auto Auction for service delivery and to Manheim Pennsylvania for internet live auction penetration. Columbus Fair was recognized for its efforts in preparing the vehicles for sale and for processing the post-sale transactions and documentation; Manheim Pennsylvania was recognized for selling the greatest percentage of vehicles online during its live auction lane sales.

Chase recognized three other regional winners as top performers:

Manheim Baltimore-Washington, Northeast;
Manheim Atlanta, Southeast; and
ADESA Kansas City, Central.

About Chase Auto Finance
Chase Auto Finance, a division of J.P. Morgan Chase Bank, N.A. (JPMC), is one of the leading bank providers of auto financing in the country. With a portfolio of more than $52 billion in assets and relationships with more than 75 percent of all U.S. franchised automotive dealers, Chase Auto Finance provides a broad spectrum of products to meet the full range of credit needs of their customers. Chase Auto Finance purchases auto loans and leases from a national network of automotive dealers as well as making auto loans directly to consumers through various Chase channels. In addition, Chase Auto Finance provides commercial loans to auto dealers throughout the U.S. and maintains a reputation for delivering high-quality services as well as a long-term commitment to auto dealers and the overall auto industry. More information can be found at chaseautofinance.com.