RALEIGH – Auction Direct USA Raleigh is expanding, reaching an agreement with the state of North Carolina’s Department of Commerce to receive some $3 million in incentives for a new facility in Oxford.
Auction Direct operates “superstores” where customers have access to on-site parts and service operations.
The company and the state’s Economic Investment Committee agreed to a contract Tuesday morning.
“The investment in Granville County in a.i.m., our used vehicle supply chain solutions company, marks an exciting expansion for us,” said Tim Frank, CEO of Auction Direct USA, in a statement. “Every day, hundreds of vehicles expertly reconditioned by our technicians will be made available to our partners, strengthening the automotive supply chain up and down the East Coast.”
The deal requires Auction Direct USA to create 173 jobs and invest some $3 million in the new facility. Some 74 jobs are to be retained, according to the agreement.
Average pay for the new jobs is $88,258, Commerce noted.
“North Carolina’s momentum in creating great jobs continues with Auction Direct’s decision to invest in Oxford,” said Governor Roy Cooper in a statement. “Recent accolades for our business successes are fantastic, but there’s no better endorsement than when a company already doing business in our state decides to expand here.”
