NAAA’s View on Auction Trends and Economic Conditions

Dr. Ira Silver
NAAA Economist
National Auto Auction Association

Auction sales volume was flat in the first quarter of 2013, but has been increasing in recent months and is up 3.1% year-to-date. Auction prices have been down for the past three months and have decreased 3.2% so far in 2013. Retail used vehicle sales are seeing a stronger showing this year – up 7.7% in volume this year.

Click here to see the latest NAAA Economic Dashboard

New Vehicle Sales Continue Robust Recovery:
Up 9.6% in May over previous year, and up 7.7% for year (seasonally adjusted).

Consumer Price Index on Used Vehicles Sees Decline:
Down 1.6% in May 2013 from previous year, down 0.5% year-to-date.

Overall US Economic Signs Not Great but Getting Better:
Real consumer spending, real GDP, and employment rate up a notch for year.



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