16th Annual OVE Awards presented in advance of the Conference of Automotive Remarketing
ATLANTA – March 19, 2025 – Cox Automotive celebrated eight independent auctions and one industry executive during its 16th annual OVE Awards, which honor the top-performing auction partners on the 24/7 digital wholesale platform. The awards ceremony took place in San Diego on Monday, March 17—just before the Conference of Automotive Remarketing (CAR) got underway.
With over 50,000 buyers and millions of dollars in floor plan credit lines throughout the U.S., OVE now has 145 independent auctions that enable their clients to buy and sell inventory 24/7. Each year, Cox Automotive recognizes the top partner auctions from across the country in categories ranging from volume and growth to conversions and digital success.
“A rising tide lifts all boats, and these incredible independent auctions are doing exactly that by demonstrating excellence and enabling their customers to buy and sell inventory more efficiently,” said Connie Suozzo, vice president of Manheim Digital at Cox Automotive. “It’s an honor to recognize their accomplishments, and we look forward to continuing to work with them and all our partners to keep their businesses moving forward.”
New to the awards lineup this year was an award for the OVE partner with the highest volume with Cox Automotive floor planning arm NextGear Capital. The winner, Bel Air Auto Auction, located in Riverside, Maryland, has been in the industry for 78 years. The team at Bel Air cited the flexibility floor planning provides to its customers and longstanding relationships as drivers of success, sentiments echoed by NextGear Capital.
“Serving independent dealers is our sole focus and collaborating with our auction partners is paramount to us helping them succeed,” said Scott Maybee, president of NextGear Capital. “Our relationship with Bel Air Auto Auction is a prime example of how everyone involved can achieve more than we could alone.”
The awards presented based on performance in 2024 were:
Highest Commercial Volume: Norwalk Auto Auction
Highest Digital Mix: America’s Auto Auction San Antonio
Highest Dealer Sales Volume: America’s Your Auction Tampa Bay
Lowest Un-Buy Rate: Orlando Longwood Auto Auction
Highest Dealer Sales Growth: Greater Rockford Auto Auction
Highest New Seller Growth: Lehigh Valley Auto Auction
Highest Conversion Dealer Sales: South Florida Auto Auction
Highest Flooring OVE Auction: Bel Air Auto Auction
Otto Industry Excellence Award: Bill Corbett, Norwalk Auto Auction
About Cox Automotive
Cox Automotive is the world’s largest automotive services and technology provider. Fueled by the largest breadth of first-party data fed by 2.3 billion online interactions a year, Cox Automotive tailors leading solutions for car shoppers, auto manufacturers, dealers, lenders and fleets. The company has 29,000+ employees on five continents and a portfolio of industry-leading brands that include Autotrader®, Kelley Blue Book®, Manheim®, vAuto®, Dealertrack®, NextGear Capital™, CentralDispatch® and FleetNet America®. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately owned, Atlanta-based company with $22 billion in annual revenue. Visit coxautoinc.com or connect via @CoxAutomotive on X, CoxAutoInc on Facebook or Cox-Automotive-Inc on LinkedIn.
About NextGear Capital (www.nextgearcapital.com)
NextGear Capital, a Cox Automotive brand, is the leading provider of inventory finance solutions serving more than 17,000 independent dealers. The brand provides flexible credit lines for inventory financing and a suite of solutions including title services, records management and account management tools. By leveraging its deep industry knowledge and innovative technology, NextGear Capital gives its clients the tools to help optimize their cash flow and increase profitability. NextGear Capital is headquartered in Carmel, Indiana. For more information, visit www.nextgearcapital.com.
Media Contact: Julie Jackson | Cox Automotive | julie.jackson@coxautoinc.com | 404.558.7837
