CARY, N.C. -

Auto Remarketing and SubPrime Auto Finance News have announced the winner of this year’s Re3 Executive of the Year Award, which is being presented by Consolidated Asset Recovery Systems (CARS).

The honoree who will be presented with the accolade at the Re3 Conference during Used Car Week is Jerry Shelby, who is the director of title lending at Advance America.

Since 1997, Advance America has helped millions of Americans with flexible and personalized financial solutions. The company has grown from just a few stores in the Southeast to become one of the nation’s largest consumer lending companies, with more than 2,100 locations in more than 25 states offering a variety of financial services.

Advance America is a wholly owned subsidiary of Grupo Elektra, one of the world’s largest providers of banking services, consumer finance, personal loans and specialty retailing. The company is a founding member of the Community Financial Services Association, which encourages fair and fully disclosed lending practices.

“Jerry’s knowledge and experience in the industry has been essential for Advance America as they are transitioning to a centralized repossession and remarketing department from that of a decentralized model,” said Terry Groves, who is co-founder and senior vice president of CARS.

“Jerry has created a strategic structure for managing over 1,000 centers in 15 states that has increased efficiency and streamlined the entire process for Advance America enabling him and his team to consistently exceed their corporate goals on recovery,” Groves continued.

Shelby joins previous winners of the accolade, including Jeff Haynes of BBVA Compass, Karen Nelson of Crescent Bank and Scott Phillips of Lendmark Financial Services.

“Congratulations to Jerry Shelby and the whole team at Advance America,” said Bill Zadeits, who is publisher of both Auto Remarketing and SubPrime Auto Finance News as well as Used Car Week chair.

“Repossessions and recoveries represent some of the most the challenging tasks of the finance business, and the company navigates these assignments successfully because of Jerry’s expertise and leadership,” Zadeits continued. “It’s proactive executives like Jerry that embody what the Re3 Executive of the Year Award means.”

Shelby will receive his award during the Re3 Conference, which is presented by MBSi Corp. The Re3 Conference comes at the midpoint of Used Car Week, which runs from Nov. 14-18 at the Red Rock Resort and Casino in Las Vegas.

It’s not too late to join the nearly 1,000 executives — dealers, finance company and auction executives and other industry experts — who are registered to gather during Used Car Week for networking, presentations from experts and more. Used Car Week also includes the CPO Forum — America’s Used Car Conference as well as the SubPrime Forum and the National Remarketing Conference/NAAA Convention.

For more details, go to www.usedcarweek.biz.