CHARLESTON, S.C. -

It has been revealed to Auto Remarketing  that American Auto Auction Group has acquired Auctions in Motion. AIM is now a part of AAAG, effective immediately, and its management team remains intact.

AAAG indicated in its announcement today that the purchase of the Southern California company reflects its “strategy to grow its core businesses, increase its market share and expand its geographic footprint from coast to coast.”

“We are extremely proud and excited to join forces with Auctions In Motion. George Pero and his team have built a company that has earned a national reputation as ‘the auction that comes to the dealer’ while providing superior service and competitive pricing,” said AAAG chief executive officer Bill McIver.  

“AAAG has also met dealers' changing needs with more than 10 mobile or ‘private-label’ auction operations, making this a great fit with our overall corporate business model. The joint strengths and values of both our companies grow from an unsurpassed passion for customer service. This union will benefit our customers, partners and employees,” McIver continued.

Auctions In Motion founder and CEO George Pero added: “Auctions In Motion sought a well-capitalized partner with in-depth operational and strategic experience in assisting independently owned auctions to mature and expand. AAAG will allow us to develop the full menu of services we offer customers. We look forward to working with AAAG in the next phase of our growth.

“Our customers are our most valued assets,” Pero noted. “We are proud to be a part of a talented group that shares our commitment to providing the best resources to support the ever-growing business needs of auto dealers.”