the auction marketplace
for more than 60 years
Welcome to AutoTec
AutoTec is the leading source of service and software solutions focused on the evolving needs of on-site and online marketplaces. Through our suite of services, we drive innovation in insurance, credentialing, vehicle history and dispute resolution. With over 60 years of experience in the auction industry, AutoTec’s team has a depth of expertise to support all parties in the marketplace.
In 1953, at the request of leading auction owners, Tom Adams, Sr. pioneered a unique insurance program designed to meet the needs of the auction industry, commonly known as Payment and Title Guaranty Insurance.
Since that time, AutoTec has continued to evolve, now providing insurance, credentialing, vehicle history, risk management and claims administration services for the automotive industry. AutoTec and its team members are committed to providing innovative solutions and high-level customer service for our partners in the automotive industry.
Captain Richard Fuller Manly establishes R.F. Manly and Co. on 5th Avenue North in Birmingham, AL.
Tom Adams, Sr. develops Auction Insurance Agency and its Payment and Title Guaranty program for the wholesale automotive industry.
Operating as Robinson Adams Insurance, operations are moved to Highland Avenue on the south side of Birmingham.
The company launches Centennial Casualty Company, a multi-line property and casualty insurer.
The company begins selling vehicle history “exception reports” to auto auctions.
The company relocates to its current location atop Red Mountain in Homewood, AL.
AuctionACCESS is developed and launched to provide dealer credentialing services for wholesale vehicle auctions.
AutoTec partners with Experian to provide AutoCheck Vehicle History reports for its auction customers.
Red Mountain Technologies begins selling vehicle history to auto insurance carriers for rating and underwriting.
VIN CrossCheck is launched as a data sharing platform to help lenders securely and confidentially exchange VIN information.
AuctionACCESS launches the AuctionACCESS Floor Plan platform to automate daily credit availability and loan originations between auctions and wholesale lenders.
At the request of livestock stockyard owners across the country, Auction Insurance Agency added Livestock Market Payment Insurance to its portfolio of risk management services.
Red Mountain Technologies patents their Risk Predictor Score – a process that uses vehicle history data to give insurance customers a competitive edge in pricing.
AuctionACCESS implements the AuctionACCESS Mobile Card to provide increased security and a better user experience for dealers.
Auction Insurance Agency introduces its Physical Damage Insurance, designed to insure floor plan providers in the event of a physical damage loss to their floored collateral.
DealerPay is introduced in order to help reduce risk while enhancing ease of payment between dealers, auction marketplaces and floorplan lenders.
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CAREERS AT AUTOTEC
We believe AutoTec has been named one the “Best Places to Work” in Birmingham because we value family. We’ve built an impressive team of individuals who work seamlessly together, much like a family. We also know our people can be the most productive and innovative when they have the right work-life balance and are able to spend time with their families. Because while work is important, it will never be more important than family.
Recognized as one of Birmingham’s “Best Places to Work,” AutoTec’s growth and success since 1898 has been fueled by its people. The company places great emphasis on a collaborative environment where employees work together to challenge each other to commit to a standard of excellence and accountability. We are always seeking motivated individuals to strengthen our work environment.
OUTREACH AND ENGAGEMENT
We believe in giving back to the community and to Birmingham, Alabama, which we call home. AutoTec continues to invest in the community through partnerships with local and statewide agencies and non-profits. Our commitment to philanthropy and engagement not only exemplifies the character of our teammates but also the strength of our partnership with stakeholders. Click on the logos below to read more about how AutoTec is supporting our community.
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