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 digital wholesale platform.

The awards ceremony took place on Monday in San Diego at the start of the Conference of Automotive Remarketing (CAR).

The honors based on performance in 2024 went to:

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

“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,” Suozzo continued in a news release.

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.

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, Md., has been in the industry for 78 years.

According to the news release, 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,” NextGear Capital president Scott Maybee said. “Our relationship with Bel Air Auto Auction is a prime example of how everyone involved can achieve more than we could alone.”