NAAA Sees Fewer Vehicles Featured

By Staff Writer May 03, 2019 435

Sales of used vehicles totaled 9.9 million units worth $107.6 billion at National Auto Auction Association (NAAA) member auto auctions last year, according to the trade organization's 22nd annual survey.

The survey found that the number of vehicles entering the auto auctions decreased by 4.2 percent to 16.6 million and the number of units sold was down 8 percent 
from 2017.

Conducted by Robert A. Casey Consulting of Burke, Va., for NAAA, the survey had a 71 percent response rate representing 247 NAAA North American member auto auctions.

The reported total vehicles entered and sold, and the related gross values are projected to estimate the totals for all 348 NAAA member auto auctions.

Dealer consignment vehicles represented the leading number of units sold at 49.1 percent, fleet-lease at 44.3 percent, followed by factory vehicles at 5.7 percent, and 0.9 percent from other sources.

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Last modified on Friday, 03 May 2019 13:28