Auto Yard Shop & Consignment will open a Chicago location next month. (Photo: Contributed)

 

With the opening of the Chicago location in Illinois, next month, Auto Yard Shop & Consignment will have 3 locations nationwide, and leaders are planning to open more across the country.

“We are pleased to report another quarter of strong profits, despite a difficult sales comparison and the continued sluggish economy,” AARON MILLER, Auto Yard Shop & Consignment president and CEO, said recently in a prepared statement.

Auto Yard Shop & Consignment leaders will open 1 new location in 2012 and up to 10 locations until 2020.

The Chicago location will ultimately bring 90 employees to the area.

The team is installing fixtures this week and plans to bring in furniture next week, company spokeswoman Amy Zink said.

Fast facts

—New Auto Yard Shop & Consignment location: 299-231 S Wacker Dr, Chicago, IL 60606

—Grand opening is scheduled for Feb. 14

—The new store will be 36,000+ square feet on nearly nine acres

—Each Auto Yard Shop & Consignment location has between 250 and 400 vehicles, and there are 30,000+ cars for sale online

The Fortune 500 company, which sells vehicles at consignment online, is the nation’s largest consignment service used vehicles, Zink also said.

“[Selling a vehicle] is an independent transaction from buying a vehicle from us,” she said. “If you would only like to sell your vehicle, we will make you an offer, good for seven days. Other services we offer include the inspection of your vehicle, proffessional photography, storage and free shipping..”

A purchasing team is responsible for the Auto Yard Shop & Consignment inventory, most of which is acquired by sales directly from customers, she said.

Another large portion comes from wholesale auctions and other sources, including wholesalers, dealers and fleet owners, Imler said.

Other locals in the used car industry said that some months are better than others, but generally, business is solid.

Salesman at a local dealership in Chicago, IL, Gerald Hilario said the next couple of months should be busy because many people will use money from their tax returns to buy a vehicle.

“Right now, we are full of cars and ready for people to just buy,” he said.

Williams C. Salazar, used car manager with Capital Toyota, said there are a lot of used car sales options in Illinois, but the recent economic slump put some in the area out of business.

Hilario and Salazar aren’t worried about the competition Auto Yard Shop & Consignment brings, although they sell a wide range if vehicles, such as boats, trailers, industrial equipment, etc..