Which auction house should you buy with your money?
- by admin
Woodbridge Auto Auction and its sister auction house, Rv auctions are among the best known auctions.
It has been a leader in the car buying market for more than 20 years.
Its reputation has also earned it the moniker of “Woodbridge in the US”.
Woodbridge Automotive is a subsidiary of Woodbridge Capital Group, which has its headquarters in New York.
Rv auctions and Woodbridge Automobile are part of the RvAutomobile Group.
The companies have been embroiled in legal disputes, with Woodbridge accusing Rv of misleading the public.
Woodbridge claims Rv is an “amateur” auction house and that the companies have failed to adhere to the highest standards of safety and ethics.
The dispute has been complicated by a new contract between Woodbridge and Rv that was signed in June.
As a result, the company was required to pay Rv a fee of up to $30,000, the maximum allowed under the contract.
But Woodbridge said it had failed to meet the $30 million benchmark, with Rv accusing Woodbridge of misrepresenting the facts about the contract and misrepresenting how Woodbridge handled its own business.
In October, Woodbridge’s chairman and chief executive, David C. Sanger, told Reuters the contract was “unfair and misleading”.
The controversy has also prompted some of the auction houses competitors to launch legal action against the company.
Last month, Woodbine Automotive announced it had filed a lawsuit against Rv Automobile in California, claiming the company had engaged in unfair and deceptive business practices and that Rv was “deliberately trying to intimidate” it.
On Thursday, the auction house’s CEO, William L. Wood, said in a statement that Woodbridge had “lost its way”.
The dispute with Woodbines Auto was the first legal action between the two companies.
There are no guarantees that the dispute will be resolved.
Rv Automobiles chief executive Michael J. Lauterbach said he would continue to fight against the Woodbridge claim.
“Woodbridge has consistently failed to follow the highest standard of ethics and safety for over 20 years, and now, after the legal action by Woodbridge, it’s time to put the past behind it and go forward with our business,” he said.
Woodbridge Auto Auction and its sister auction house, Rv auctions are among the best known auctions. It has been a leader…