WASCO Reflects on a Successful 2024 at Stockholders’ Meeting
On Tuesday, November 19, 2024, WASCO (Wholesale Auto Supply Co.) held its annual stockholders’ meeting set against the elegant backdrop of the Upper Montclair Country Club in New Jersey. The informative event included a review of the year’s earnings, gathering some of the brightest minds in the automotive industry to delve into today’s most critical issues and future trends, a beautifully catered gourmet lunch, and dividend checks were distributed to the shareholders. Among the highlights were discussions of investments in innovative technologies to help businesses, insight into the market ahead, and visionary leaders who offered valuable perspectives on the evolving automotive landscape.
Discussions were moderated by Steve Greenfield, CEO/Founder of Automotive Ventures, as these three hand-picked companies focus on Artificial Intelligence (AI) and represent good examples of early-stage entrepreneurs who are focused on finding solutions for key struggles in day-to-day operations, Key speakers and entrepreneurs in attendance included; McKenna Valley, Founder and CEO of SparkServ ( www.sparkserv.com), Jim Roche, Founder and CEO of WarrCloud (warrcloud.com), Marty Hu, Founder and CEO of AutoTrainer AI (www.autotrainer.com), and Kevin Tynan, Kevin Tynan, former senior automotive analyst for Bloomberg Intelligence who is now Director of Research at Presidio.
WASCO reaffirmed its commitment to driving shareholder value by capitalizing on new programs and forming strategic partnerships with innovative vendors. Through investments in cutting-edge technology companies, WASCO is helping car dealerships enhance efficiency, boost revenue, foster growth, and lower operational costs.
After a highly successful 2024, WASCO is poised to achieve even greater success in 2025. As a leading provider of premium automotive supplies, dealership products, and services, WASCO has consistently met the needs of its loyal customers across NJ, NY, and PA. Its unwavering commitment to excellence, coupled with a comprehensive product inventory, has allowed WASCO to surpass sales targets and strengthen its market position. Key factors driving this success include exceptional customer service, efficient delivery, and competitive pricing. As a result, WASCO has expanded its product selection and is offering volume pricing to all its members. As a true cooperative, WASCO returns profits to its dealer-owners through annual cash-back distributions, with stockholders enjoying generous Patronage Dividends for 2024.
Wholesale Auto Supplies Co. has achieved remarkable growth and recognition through its dedication to meeting the needs of auto dealers and vehicle repair facilities. It looks forward to expanding opportunities in 2025.
