Wholesale Auto Auction Exec To Speak At Men Following Christ
May 15, 2019 at 11:36 p.m.
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Breakfast is served and is free to those who attend. The public is welcome.
The guest speaker is Mike Hockett, who has spent more than 55 years in the wholesale automotive auction business.
From 1962-69, Hockett worked with his father in his business, Indianapolis Auto Auction, which was sold to Manheim in 1969. He joined Manheim in 1969 and worked there until 1979, when he built an auction in Indianapolis called Auto Dealers Exchange (ADE), which became the first 10-lane auction in the Midwest.
ADE built three auctions and acquired four others as well as a floor plan company called CITA before going public in 1992 and changing its name to Auto Dealers Exchange Services of America (ADESA) and changing the name of the floor plan company to AFC. At ADESA, Hockett built an additional nine auctions and acquired six others.
In 1996, Minnesota Power and Light purchased ADESA and Hockett left that same year. In 2000, he started a company called Auction Broadcasting Company (ABC) and purchased a majority interest in a company that developed Online Ringman, which was the first auction chain selling cars over the internet and on the auction block concurrently. That same year ABC started a new floor plan company called Dealer Services Corporation (DSC), which is now NextGear Capital. In 2017, ABC was acquired by America’s Auto Auction, creating the country’s third largest auction group.
Hockett also owns Diversified Vehicle Services, a title and registered importing company and started an investment company called CIL Capital.
Hockett became a born-again follower of Jesus Christ in 1983. That relationship has taken him to more than 50 countries, beginning with the Soviet Union in 1989 to more recently North Korea and India.
He serves on the board of directors of Child Legacy (Malawi), Streams in the Desert (Nigeria), Issachar Initiative involved in Reaching the Rest, International Cooperating Ministries, Sports World Ministries, and Urban Foundation.
He and his wife Judy have 34 grandchildren and 14 great-grandchildren.
Men Following Christ is a Christ-centered monthly meeting for men of all ages. This meeting is open to anyone looking to grow in their walk with Jesus Christ, as well as be inspired by speakers and the testimonies shared by other men.
The group meets the last Saturday of the month at Alpha Dining Hall of Grace College in Winona Lake. For more information, contact Don Clemens or Rod Mayer at [email protected], or follow them on Facebook.
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Breakfast is served and is free to those who attend. The public is welcome.
The guest speaker is Mike Hockett, who has spent more than 55 years in the wholesale automotive auction business.
From 1962-69, Hockett worked with his father in his business, Indianapolis Auto Auction, which was sold to Manheim in 1969. He joined Manheim in 1969 and worked there until 1979, when he built an auction in Indianapolis called Auto Dealers Exchange (ADE), which became the first 10-lane auction in the Midwest.
ADE built three auctions and acquired four others as well as a floor plan company called CITA before going public in 1992 and changing its name to Auto Dealers Exchange Services of America (ADESA) and changing the name of the floor plan company to AFC. At ADESA, Hockett built an additional nine auctions and acquired six others.
In 1996, Minnesota Power and Light purchased ADESA and Hockett left that same year. In 2000, he started a company called Auction Broadcasting Company (ABC) and purchased a majority interest in a company that developed Online Ringman, which was the first auction chain selling cars over the internet and on the auction block concurrently. That same year ABC started a new floor plan company called Dealer Services Corporation (DSC), which is now NextGear Capital. In 2017, ABC was acquired by America’s Auto Auction, creating the country’s third largest auction group.
Hockett also owns Diversified Vehicle Services, a title and registered importing company and started an investment company called CIL Capital.
Hockett became a born-again follower of Jesus Christ in 1983. That relationship has taken him to more than 50 countries, beginning with the Soviet Union in 1989 to more recently North Korea and India.
He serves on the board of directors of Child Legacy (Malawi), Streams in the Desert (Nigeria), Issachar Initiative involved in Reaching the Rest, International Cooperating Ministries, Sports World Ministries, and Urban Foundation.
He and his wife Judy have 34 grandchildren and 14 great-grandchildren.
Men Following Christ is a Christ-centered monthly meeting for men of all ages. This meeting is open to anyone looking to grow in their walk with Jesus Christ, as well as be inspired by speakers and the testimonies shared by other men.
The group meets the last Saturday of the month at Alpha Dining Hall of Grace College in Winona Lake. For more information, contact Don Clemens or Rod Mayer at [email protected], or follow them on Facebook.
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