ADESA Inc., the nations second-largest auction company, will not have a booth at the National Automobile Dealers Association convention and exhibition Jan. 24-27 in New Orleans.
ADESA President Jim Hallett said the company is skipping the exhibit to cut costs. But Hallett and other ADESA senior managers will be at the new-car dealer convention to meet with customers, he added.
Its an effort to control expenses in a difficult economic environment, Hallett said.
The number of registered exhibitors and dealers is down for the 2009 convention, according to information released by NADA.
As of Jan. 7, 522 companies had registered as exhibitors, said Steve Pitt, NADA vice president of conventions and expositions. That is down about 25 percent from the 2008 convention in San Francisco, which had 700 exhibitors, according to NADAs Web site.
Advance dealer registrations are down about 35 percent, but we expect a large number of over-the-counter registrations now that bridge loans have been provided to General Motors and Chrysler, and GMAC received federal assistance as well, Pitt said in a statement.
ADESA is owned by KAR Holdings LLC. It has 60 auction sites in the United States and Canada and one site in Mexico.