ARA Product Services and Alteso Group Enter into an Agreement to Provide Solution to Product Inventory Needs
Information contained on this page is provided by companies via press release distributed through PR Newswire, an independent third-party content provider. PR Newswire, WorldNow and this Station make no warranties or representations in connection therewith.
SOURCE Automotive Recyclers Association
Key element is access to robust online auction platform for the efficient procurement of motor vehicles
MANASSAS, Va., Feb. 26, 2013 /PRNewswire/ -- Today, the Automotive Recyclers Association (ARA) officially announced that its subsidiary, ARA Product Services LLC has reached an agreement with Alteso Group of Companies (Langhorne, PA) to provide ARA members and ARA affiliated state organization members a robust online auction platform for the efficient procurement of motor vehicles. ARA has seized this opportunity to ultimately increase members' revenue stream, lower operation costs and reduce the number of vehicles being exported. The agreement between the two organizations also provides members access to other critical cost-effective technologies for transportation and financial services.
"We're excited to announce this agreement with the Alteso," said Chris Wright, President of the Automotive Recyclers Association. "Their expert leadership team possesses the ability to tap into extensive resources to provide for the acquisition of vehicles, and we look forward to the opportunities this partnership will bring to both ARA and our members." "Our team is excited to join forces with ARA," said Mark Buffa, VP of Product Development at Alteso. "We believe our two companies are well positioned in this very competitive environment to help the industry adopt and embrace new tools and technologies that will drive higher levels of efficiency and profitability."
The increasingly competitive landscape of today's vehicle remarketing industry has propelled ARA to identify for its global membership innovative ways to access and leverage their buying power. Only in this way can professional automotive recyclers address critical business requirements and promote efficiencies which result in successful business models. Through the agreement between ARA Product Services LLC with Alteso, ARA has multiple options within the platform to address opportunities with various insurance companies, wholesalers, fleets, franchise dealers and others in a manner that significantly changes the means by which members' vehicle acquisition demands can be met.
"After a thorough process, Alteso was selected to deliver the best solution for ARA members' salvage acquisition concerns," said Michael E. Wilson, CEO of the Automotive Recyclers Association. "We look forward to this successful partnership with Alteso to provide professional automotive recyclers with an extensive portal through which members can acquire inventory in an efficient and cost effective manner."
"This is an exciting opportunity to be working with ARA and it members," said Yury Kaganov, CEO of Alteso. "Sellers and buyers are increasingly remarketing and purchasing vehicles online and our auctioning software simplifies the process for buyers and sellers to conduct these transactions online saving time and money."
About the Automotive Recyclers Association
As the expert in the economically sound reutilization of automotive parts and the environmentally friendly management of total loss and end-of-life vehicles, the Automotive Recyclers Association (ARA) boasts an infrastructure recognized worldwide which includes a multi-layered certification process that verifies ARA members' performance on environmental, safety and business standards. For more information on ARA, visit www.a-r-a.org or call (888) 385-1005.
About Alteso Group
ALTESO develops web-based services and solutions using cutting edge technology for the automotive industry. Their product portfolio consists of an online auctioning platform, brokering technology, data syndication, upstream remarketing, financial services, and online shipping software. For more information on Alteso, visit www.Alteso.com or call (215) 289-0500.
Tuesday, April 30 2013 10:26 AM EDT2013-04-30 14:26:26 GMT
Everyone winterized their car. However, when spring comes around, many people do not know how to prep their car for warmer weather. Brian Barth from Smyth Auto stopped by FOX19 on Tuesday morning withMore >>
Smyth Autho gives six helpful tips to prep your car for spring.More >>
Thursday, March 1 2012 11:40 AM EST2012-03-01 16:40:47 GMT
According to Chrysler Group LLC, the Jeep brand has posted its best February sales since 2008, with an increase of 40 percent compared to February 2011. All of the models have increased more than 20 percent.More >>
With millions of cars sold around the world each year, 24/7 Wall St., a financial news and opinion group, compiled a list of the 10 best selling cars of all time. Included are cars new and old from across the globe. More >>
With millions of cars sold around the world each year, 24/7 Wall St., a financial news and opinion group, compiled a list of the 10 best selling cars of all time. Included are cars new and old from across the globe.More >>
Tuesday, May 24 2011 2:52 PM EDT2011-05-24 19:52:01 GMT
With a few computer keystrokes in an office at its headquarters, Chrysler Group LLC sent $7.6 billion to the U.S. and Canadian governments on Tuesday, paying off most of the bailout money that saved the company from financial disaster just two years ago.More >>
Friday, February 25 2011 11:46 AM EST2011-02-25 16:46:46 GMT
Cooper Tire & Rubber Co. said Friday its fourth-quarter profit rose 2.6 percent as stronger demand for its products helped offset rapidly rising raw materials costs. The company is also raising tire prices next month for the second time this year and plans to boost production.More >>