WASCO Celebrates Success at Annual Stockholders’ Meeting for 2023
On Tuesday, November 14th, 2023, WASCO (Wholesale Auto Supply Co.) held its annual stockholders’ meeting at the luxurious Upper Montclair Country Club in New Jersey. The informative event included a review of the year’s earnings, the most successful on record, the distribution of yearly dividend checks, and a beautifully catered gourmet lunch. Among the highlights were a discussion of investments in innovative technologies to help businesses, insight into the market ahead, and the addition of other new partnerships to improve shareholders’ bottom lines. WASCO set its sights on the year ahead with an insightful discussion about leveraging these new partnerships with an open forum featuring an expert panel of industry veterans. In addition, new shareholders were announced, and the 2024 Board of Directors election were formally elected.
WASCO reiterated its commitment to saving and making its shareholders money by taking advantage of new programs and partnerships with new vendors. By investing money into new technology companies, WASCO is helping car dealers increase efficiency and revenue, promote growth, and reduce operational costs. “At WASCO, we stand behind everything we do.” asserted Andrea Karsian, CEO of WASCO. “We only deal with industry-leading products. That's all we do. At the best possible price.”
Panel discussions were moderated by Steve Greenfield, CEO/Founder of Automotive Ventures, an early-stage venture capital fund investing in the automotive technology and mobility space, and one of the cutting-edge companies WASCO has recently invested in. Featured panelists included Todd Berko, Co-Managing Partner at Bel Air Partners, an automotive buy/sell advisory firm, Kevin Tynan, the Director of Automotive Research for Bloomberg Intelligence in North America, and Jeremy Alicandri, a management consultant in the automotive industry and Forbes contributor.
After finishing an incredibly successful year in 2023, WASCO aims to do even better in 2024. As a leading provider of top-quality automotive supplies, dealership products, and services, WASCO has consistently met the demands of its loyal customers throughout NJ, NY, and PA. A commitment to excellence and an extensive inventory of products has enabled WASCO to exceed sales targets and strengthen its position in the market. WASCO’s exceptional customer service, efficient delivery system, and competitive prices have been key factors that have contributed to this success. This success translates into a growing product selection of volume pricing for all WASCO members. As a true cooperative that returns its profits to its dealer owners with annual cash back, WASCO’s stockholders have received fantastic Patronage Dividends for 2023.
Wholesale Auto Supplies Co. has achieved remarkable growth and recognition through their dedication to meeting the needs of auto dealers and vehicle repair facilities.
