Auction Sales Volume Seeing Growth Over Past Year

Silver_Ira_NAAA_100

Dr. Ira Sil­ver
NAAA Econ­o­mist
National Auto Auc­tion Association

Auc­tions have been see­ing a strong year for unit vol­ume sold, at a time when other remar­ket­ing chan­nels are expe­ri­enc­ing growth. National Auto Auc­tion Asso­ci­a­tion reports that auc­tion vol­ume was up 10.1% over July 2012 and 5.2% year-to-date. Pric­ing at auc­tions has not seen such a strong year and has been down – 1.5% com­pared to July 2012 and 3% for this year.

Here’s the lat­est mar­ket indi­ca­tors from National Auto Auc­tion Association

New Vehi­cle Sales (Sea­son­ally Adjusted) See­ing Strong Vol­ume:
Up 11.1% since July 2012 and up 8.6% in vol­ume year-to-date.

Used Vehi­cle Sales Vol­ume Down From Year Ago:
Down 0.4% from July 2012, but vol­umes are up for year – 3.1% year-to-date.

Con­sumer Spend­ing Activ­ity Look­ing Sta­ble from 2012 and for this Year:
Real con­sumer spend­ing (sea­son­ally adjusted) up 2% from prior year, 1.9% YTD.

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