BREA, Calif., March 1 /PRNewswire/ -- Eight motor vehicle auction companies have been named by Bank of America as 2006 Regional Auctions of the Year.
The 2006 winners are:
* Greater Tampa Bay Auto Auction, Tampa, Fla.
* Atlanta Auto Auction, Atlanta, Ga.
* Dealers Dallas Auto Auction, Dallas, Texas
* Greensboro Auto Auction, Greensboro, N.C.
* California Auto Dealer's Exchange, Anaheim, Calif.
* Portland Auto Auction, Portland, Ore.
* America's Auto Auction - Greenville, Greer, S.C.
* Brasher's Northwest Auto Auction, Eugene, Ore.
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"Bank of America sold over 23,000 vehicles, including automobiles, RVs, boats and motorcycles, at auction in 2006," said Bank of America Remarketing Executive Steve Piccinati. "Of the 28 auction locations we used, these eight performed the best in areas critical to our success. Those areas are consistently outstanding customer service, high asset values, marketing effectiveness and Internet sales."
Piccinati will present each of the eight winning auctions with a plaque recognizing their accomplishments tonight at the Conference of Automotive Remarketing in Las Vegas.
Through its Dealer Financial Services unit, Bank of America provides retail loan financing and the full range of commercial banking services to dealers in the automobile, recreational vehicle, marine and motorcycle industries across the United States. These services include comprehensive inventory financing, commercial loans, depository services, merchant and treasury management services and wealth management. Bank of America has relationships with more than 10,000 dealer clients and manages over $42 billion in consumer and commercial loans through Dealer Financial Services.
About Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial products and services. The company's Global Corporate and Investment Banking group (GCIB) focuses on companies with annual revenues of more than $2.5 million; middle-market and large corporations; institutional investors; financial institutions; and government entities. GCIB provides innovative services in M&A, equity and debt capital raising, lending, trading, risk management, treasury management and research. Bank of America serves clients in 175 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 80 percent of the Global Fortune 500. Many of the bank's services to corporate and institutional clients are provided through its U.S. and UK subsidiaries, Banc of America Securities LLC and Banc of America Securities Limited. For additional information, visit http://www.bankofamerica.com
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