Dr. Ira Silver
NAAA Economist
National Auto Auction Association
In Q1 2013, an increase in dealer consignment was offset by decline in commercial consignment and overall auction sales volume declined 0.4%. While down from increase in Q4 2012, recent monthly figures show significantly more strength with February through April period up over 3% from 2012. As commercial consignment volume strengthens this year, total volume gains expected to accelerate.
Click here to view the NAAA First Quarter 2013 Report
Expect to See Up Year with Significant Increase in Total Auction Volume:
Through volume gains in dealer consignment and turnaround in commercial consignment.
Average Auction Prices Continued Declining at a Slow Rate:
As strong retail sales driven trade-in supply remains high.
Q1 2013 Used Vehicle Sales Up a Strong 7.9% from Q1 2012:
Anticipate seeing a 2013 increase in used retail sales in the 5% area.