NAAA Study Tracks Trends in US Auction Industry

National Auto Auction Association survey results showed slight volume increase in 2012 The results show strength and depth of a mature industry that despite various challenges has demonstrated its resiliency, said Frank Hackett, CEO of NAAA.

NAAA member auctions sold an estimated 7.9 million used vehicles last year, and the number of vehicles entering auctions increased by…

One auction segment had the highest volume sold, at 58.4% -- dealer consignment vehicles – and the segment finishing at number two…

For auction operations logistics, the average NAAA auction member operates an eight-lane facility on 79 acres, and employs an average of…

Click here to read details on the recently released auction study and to learn more about what’s happening in non-upstream auction lanes.

 

Incentives – Feb. 2012 to Feb. 2013

  • New vehicle manufacturer incentives seem to be coming back up – hit about $2,500 on average in February 2013
  • December 2012 was even – over $2,550 during very strong month when incentives and end-of-year tax-related transactions drove new vehicle sales numbers up
  • There’s always pressure to not get carried away with incentives and how it can affect sales profit and used vehicle values
 

NAFA 2013 ‘Fleet Excellence’ Finalists!

After weeks of intense judging by industry leaders, the finalists for NAFA’s 2013 Fleet Excellence Awards have been chosen. Debuting this year, the Fleet Excellence Awards (or FLEXY for short) were designed to shine a spotlight on those who have impacted fleet management in both the corporate and public fleet segments during the previous year.  […]

 

Petersen Automotive Museum Presenting Alternative Fuel Technology Display

Los Angeles-based Petersen Automotive Museum is hosting its first public alternative fuels symposium, called “Why Alt Fuels Now” on April 18, 2013. The event, which features a public symposium and an alternative fuel technology display, will explore the driving forces, such as high gasoline prices, increased consumer and corporate environmental awareness and the emergence of […]

 

Carlos Ghosn Upbeat about Renault and Nissan’s Electric Vehicle Opportunities

Renault-Nissan Alliance chief Carlos Ghosn is still quite optimistic about the global automaker surging forward in electric vehicle sales, even if the past year didn’t go as well as he’d initially predicted. Improvements in the yet-to-dollar exchange rates are helping the company feel more confident, along with building Nissan Leafs at tis Tennessee factory and […]