National Auto Auction Association
Auction volume this year will likely exceed nine million units and climb seven percent over last year, NAAA economist Ira Silver said during the annual convention last week in Orlando. Silver predicts auction unit volume should reach 9.3 million this year, and that is likely to be followed by a 4% increase next year to 9.7 million units sold at auctions in the U.S.
Commercial and Dealer Consignment Have Increased in Past Two Years:
Last year marked first time in 6 years commercial climbed faster than dealer.
August Auction Volumes Saw First Y-O-Y Drop for 2015 at 2% Decline:
Auction volume still very strong for the year at 6.3% increase year-to-date.
Economic Figures Improving with Unemployment Rate Down to 5.1%:
New vehicle sales had a strong month with SAAR up to 17.7 million.