Dr. Ira Silver
National Auto Auction Association
After a small revision that didn’t significantly change the data patter, auction volume was about flat with last year in the first six months of this year, after a 7% decline in 2011.
Auction Volume Forecast for 2012:
NAAA anticipates a firming in the second half for a slight annual increase in volume for the full year.
Auction Prices are Down Slightly:
First quarter average auction prices continued slightly down from last year.
Used Retail Sales Forecast for this Year and Next with Anticipated Growth:
Expect used retail sales to increase about 4% this year to over 40 million, and 5% next year to over 42 million.