National Auto Auction Association
NAAA survey results show slight volume increase in 2012 — sign auction industry will see increases in volume of cars entering and being sold at auction in years to come. Results show strength and depth of a mature industry that despite various challenges has demonstrated its resiliency.
NAAA Member Auctions Sold Estimated 7.9M Used Vehicles Worth $72.7B, According to 16th Annual Survey:
Number of vehicles entering auctions (excluding upstream sales) increased by 6.4% to 14.6M, and conversion percentage was down 1.7%.
Dealer Consignment Vehicles Represented Largest Number of Units Sold at 58.4%:
Finance & Fleet (Lease/fleet/repo) at 34.5%, Manufacturer (Factory) vehicles 6.6% and 0.5% from other sources.
2012 Survey Reported Average Payroll of $3.4M and contributes $13K annually to Charity:
2011 survey data revealed average NAAA auction member operates an 8-lane facility on 79 acres, and employs average of 140 people.