General Motors reached a landmark today with the sale of the 11-millionth GM remarketed vehicle at auction. The vehicle, an accessorized 2006 Chevrolet Silverado pickup, was sold today at the ADESA Memphis auction in Memphis, Tenn., to Petrus Chevrolet, of DeWitt, Ark.

“ADESA Memphis has been a great General Motors sale over the past 16 years and we’re pleased we can share this honor with our auction partners here,” said Jeff Heichel, director, GM Used Vehicle Activities. “This is a milestone that is the result of the contributions all of our auction venues have made over the last two decades. The ADESA Memphis team and all our GM Sponsored Auctions understand that vehicle remarketing is about providing outstanding service and value to our dealers, from reconditioning and repairs to presenting the vehicles in the sale lanes.”

Since its first GM auction in 1990, this location has sold more than 170,000 GM used vehicles. Today’s auction featured 800 GM used cars and trucks. Nearly 220 dealers participated in today’s sale.

“GM’s decision to sell its 11-millionth used vehicle here is a real tribute to the ADESA Memphis team’s commitment to meeting the needs of our factory customers and to the pride and dedication of the auction employees here,” said Matt Scott, general manager, ADESA Memphis. “We’ve had an excellent relationship with GM over the past 16 years, working hard to develop programs and processes to help maximize resale value.”

General Motors has been a major participant in the growth of the auction industry over the last two decades. In 1983, GM used 10 auctions with total sales of nearly 20,000 vehicles. Today GM redistributes used, off-lease and off-rent vehicles through GM dealers, with the help of 45 GM Sponsored Auctions in the continental United States. This provides value not only for GM, but also provides a source that makes available high-quality used vehicles for GM dealers.