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AutoTradeCenter Sells San Antonio Warehousing Operation

SAN ANTONIO-AutoTradeCenter says it's taking a $650,000 hit on a multi-property sale, including a San Antonio site, but it's going ahead with the deal anyway. AutoTradeCenter says it wants out of all land-based operations by year's end.

By Jackie Isaly | Updated on January 17, 2001

SAN ANTONIO-AutoTradeCenter, an Arizona-based B2B Internet used vehicle marketing company, has sold its interest in its land-based subsidiaries including an auto warehousing space in San Antonio.

The subsidiaries, known as Auto Network Group, are located in New Mexico, Oregon and San Antonio. The new owner is Automotive Disposition Management Services Inc., a private Arizona corporation.

Officials with AutoTradeCenter referred calls regarding the size, location, and future plans for the San Antonio site, to the company’s new owner ADM. Jules Galens, a director at ADM, says the 6,000-sf auto warehousing facility is located north of the San Antonio International Airport. Galens says about 150 to 200 cars are sold per month from that location and ADM has no plans to close the facility. A source from AutoTradeCenter says, however, that all land-based operations will be discontinued by year’s end.

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