What is 71B Auto Auction?
Headquartered in Springdale, Arkansas, 71B Auto Auction operates as a specialized marketplace designed to facilitate the seamless exchange of vehicles among automotive dealers. The platform integrates sophisticated online auction tools, mobile bidding capabilities, and real-time negotiation features to streamline the remarketing process. By maintaining three active auction lanes and prioritizing professional integrity, the company provides a robust ecosystem that addresses the logistical and transactional complexities inherent in the wholesale automotive trade. Their focus on creating a reliable environment for dealer sales has established them as a pivotal player in the regional automotive supply chain.
How much funding has 71B Auto Auction raised?
71B Auto Auction has raised a total of $780K across 2 funding rounds:
Debt
$350K
Debt
$430K
Debt (2020): $350K with participation from PPP
Debt (2021): $430K led by PPP
Key Investors in 71B Auto Auction
PPP
Public-Private Partnership
What's next for 71B Auto Auction?
With the recent influx of capital, 71B Auto Auction is well-positioned to accelerate its expansion strategy. The firm is expected to focus on enhancing its proprietary bidding technology and potentially scaling its physical footprint to accommodate higher transaction volumes. As the automotive industry shifts toward hybrid models that blend traditional auction house dynamics with digital-first procurement, 71B Auto Auction is prioritizing the integration of advanced data analytics to improve inventory turnover for its dealer network. Future growth will likely center on optimizing operational throughput and expanding the reach of its digital auction lanes to capture a larger share of the regional market.
See full 71B Auto Auction company page
