CHICAGO -

A subsidiary of Renovo Services recently completed the successful remarketing of a vehicle online from a secured storage lot.

Kevin Flynn, chairman and chief executive officer of Renovo Services, praised the process established with ReposDirect.com. Flynn emphasized ReposDirect.com has initially partnered with two vendors in the online space and is committed to being platform agnostic. 

“Our mission is to offer our clients the utmost in flexibility and value in all aspects of the recovery and remarketing business,” Flynn said.

“Offering the ability to remarket vehicles from our secured storage lots in the online marketplace will give our lenders fewer days to sale, lower costs on vehicle transportation with less opportunity for damage, while giving dealers immediate access to a greater depth and breadth of inventory,” he continued.

“Through IRIS, our industry leading operating system and the ReposDirect.com platform, we now have that ability, and we are happy to begin to offer it to our clients,” Flynn went on to say. “We put the system into production on Monday and sold our first car on Tuesday. “

The Renovo Services’ boss added the system established within ReposDirect.com “helps clients maximize their efficiency while maintaining nationwide consistency and quality of execution.

“We will continue to grow and offer our clients the opportunity to list their vehicles in other virtual marketplaces as they come online,” Flynn concluded.