NAAA Auction Industry Report – Q1 2012

Dr. Ira Sil­ver
Nation­al Auto Auc­tion Asso­ci­a­tion
NAAA Econ­o­mist

NAAA Auc­tion Indus­try Report – Q1 2012

Used retail car sales fol­lowed new sales up w/ year/year increase of 9.4% in 1st quar­ter.
Expect used retail sales gains to mod­er­ate and are look­ing for about 4% increase this year to over 40M and a 5% increase in 2013 to over 42M.

Auc­tion Vol­ume Doing Bet­ter Even w/ 1% Decline:
Small decline com­pared to aver­age 8.5% quar­ter­ly decline in 1st 3 quar­ters of 2011.
As Neg­a­tive Impact of Weak New Sales in 2008 and 2009 Lessens:
Total auc­tion vol­ume is expect­ed to sta­bi­lize and then increase dur­ing 2nd half.
Vol­ume Improves, but Not Prices:
1st quar­ter aver­age auc­tion prices con­tin­ued about flat with last year.

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