NAAA Names Toyota’s Mike Reid a Warren Young, Sr., Fellow
LAS VEGAS, NV— The National Auto Auction Association (NAAA) has named Mike Reid of Toyota Financial Services (TFS) as a Warren Young, Sr., Fellow. The honor recognizing his dedication and commitment to the auto auction industry was presented to the TFS national manager of remarketing at the 2014 NAAA/CAR Conference in March.
NAAA, which represents more than 300 auction members in North America, bestowed the award with a $2,500 donation in Reid’s name to the association’s nonprofit Warren Young, Sr., Scholastic Foundation. A Fellow is an individual who contributes at that level, or in whose honor or memory a contribution is made in that amount, to support the scholarship organization.
Since its creation in 2004, the Warren Young, Sr., Scholastic Foundation has raised more than $1.5 million and awards a total of $40,000 in merit scholarships annually for full-time study at an accredited institution. It was named in honor of Warren Young, Sr., a pioneer of the auto auction industry who retired after 35 years of devoted service to his profession and the NAAA.
Reid joins an exclusive group of 70 others who have attained the lifetime distinction. He receives a framed commemorative certificate, a gold medallion and a distinctive lapel pin. Also, his name will be engraved on a plaque listing the esteemed Fellows displayed at NAAA headquarters near Washington, D.C.
“I’m proud to name Mike as a Fellow because in addition to his professional accomplishments, his willingness to serve as a speaker or panelist at many remarketing events sharing his experience and knowledge to prepare future industry leaders exemplifies the Scholastic Foundation’s mission of helping students achieve their dreams of higher education and success,” noted NAAA President Jack Neshe. “He also finds the time in his busy schedule to be an active supporter of the Rio Aquatics in his Orange County, California, community, which trains young special-needs athletes to participate in the Special Olympics.”
As the national manager of remarketing, Reid oversees the day-to-day remarketing efforts of off-lease vehicles, repossesions, TMS company and fleet repurchase vehicles at both physical auctions and the virtual marketplace for Toyota and Lexus Financial Services.
Prior to taking on his current role in 2010, Reid has held several major management positions with TFS. A graduate of Pace University in Pleasantville, New York, he began his career with TFS after leaving World Omni Corp 10 years ago, first serving as the company’s Western region group remarketing manager supervising key auction managers in California, Washington and Nevada. Then in 2007 Reid became sales and operations manager for remarketing, responsible for managing physical and Internet auction operations, including Dealer Direct.