SmartAuction, Auction Genius Announce Agreement


WEBWIRE – Thursday, November 15, 2012

SmartAuction vehicle listings now available for view in Auction Genius dashboard

DETROIT – SmartAuction, Ally Financial’s online used vehicle auction, announced an agreement today with vAuto’s Auction Genius, a web-based auction software solution for auto dealers. The agreement provides registered SmartAuction dealers with a window to SmartAuction’s vehicle listings in the Auction Genius dashboard.

Featuring a simple combined screen view, dealers using Auction Genius can quickly evaluate more vehicles in less time and participate in more auctions. The technology offers users complete vehicle condition, history and book value reports in a single, efficiency-focused, easy-to-use display. It incorporates both local auction and vehicle specific information to help dealers make smarter buying decisions.

Registered SmartAuction dealers who use Auction Genius can view inventory posted on SmartAuction beginning today.

“Our customers have told us that they value the unique suite of tools Auction Genius provides them,” said Steve Kapusta, vice president of SmartAuction. “As our industry begins to return to normal used-vehicle inventory levels, SmartAuction and Auction Genius are hitting the accelerator to find new ways of providing value and making it easier than ever for dealers to find the right vehicles for their market.”

“The agreement with SmartAuction advances our mission to help dealers acquire more used vehicles in less time,” says Todd Kinzle, co-founder and director of operations for Auction Genius. “Our platform now includes all of the ‘Big 3’ wholesale auction providers—Adesa, Manheim and SmartAuction—that dealers rely on to source used vehicles.”

About SmartAuction
Launched in 2000, more than 4 million vehicles have been sold through SmartAuction since its inception. More than 15,000 vehicles are listed on the online auction site daily representing more than 55 vehicle makes and 20 recreational vehicle and motorcycle makes in 2012. SmartAuction is a unit of Ally Financial Inc.

About Ally Financial Inc.
Ally Financial Inc. is a leading automotive financial services company powered by a top direct banking franchise. Ally’s automotive services business offers a full suite of financing products and services, including new and used vehicle inventory and consumer financing, leasing, inventory insurance, commercial loans and vehicle remarketing services. Ally Bank, the company’s direct banking subsidiary, offers an array of deposit products, including certificates of deposit, savings accounts, money market accounts, IRA deposit products and online checking. Ally’s Commercial Finance unit provides financing to middle-market companies across a broad range of industries.

With approximately $182 billion in assets as of Sept. 30, 2012, Ally operates as a bank holding company. For more information, visit the Ally media site at http://media.ally.com or follow Ally on Twitter: @ally.



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