Latest OnLine Editon  Read Here

Attorney Eric Johnson and Allen Denson of Hudson Cook discuss regulatory issues at the recent National Alliance of Buy-Here, Pay-Here Dealers conference.

Auction Enjoys Strong Growth

Auction Enjoys Strong Growth Featured

DAA Seattle is seeing strong growth after four years in operation.

General manager David Black said the Auburn, Wash., sale’s consignment rose 20 percent compared to this time last year.

The auction was a homecoming of sorts for the McConkey family, who also own DAA Northwest in Spokane, Wash., and KCI Kansas City in Missouri.

Bob McConkey Sr. helped found and then owned and operated what is today Manheim Seattle for 31 years before selling it in 1985. His son, Bob McConkey Jr., opened this new facility on a 16-acre site in May 2014.

Blake said there was a need for a non-corporate alternative in the Seattle market, with the area’s other two auctions owned by Manheim and ADESA. The reception from both dealers and commercial accounts has been strong, especially as they have seen the sale grow.

“They’ve seen us run for a few years and know we’re not going anywhere,” Blake said.

“They get to experience – from an independent auction – customer service, personal approach, on-site decision-making and operational care and passion.”

The auction’s location makes it especially attractive for Canadian sellers, who make up 25 percent of DAA Seattle’s dealer consignment.

The auction is just launching a new video-only specialty sale for oversized units and motorsport products. The first sales will feature about two dozen motorcycles, RVs, boats, box trucks and oversize units.

Each sale draws about 450 bidders, with a conversion rate in the low 60s.

The average price is $11,000, up about $500 from last year, Blake said.

The auction is growing physically as well. Last year, DAA Seattle expanded eight acres and renovated an additional two acres.

“There was a lot of focus and energy to get us prepared for this year,” Blake said.

 

 

 

Rate this item
(0 votes)
Dealer Consignment Outperforms at Auctions

Dealer Consignment Outperforms at Auctions

Average wholesale prices in June were down versus May but up on a year-over-year basis. According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model...

Ford Recalls All Transits

Ford Recalls All Transits

Ford Motor Co. is recalling all 2015-17 Transit vehicles except those with a 156-inch and 178-inch wheelbase Chassis Cab and Cut-Away bodies. In the 372,991 affected vehicles, the flexible coupling...

  • Columbus Fair Auto Auction Adds Compliance Department
    Columbus Fair Auto Auction  Adds Compliance Department Columbus Fair Auto Auction has developed its own compliance department.Angela Whitt has been named the auction’s compliance manager. Whitt will be focused on building a comprehensive program that is a…
    Written on Thursday, 28 July 2016 16:58
  • Firm Focuses on Safety
    Firm Focuses on Safety XLerate Group announced that nearly 800 employees and managers completed National Auto Auction Associaton’s Auction Safety Certification and Lane Safety Training initiatives. Since April 2016, those employees and management team…
    Written on Monday, 01 August 2016 12:46
  • BSC America Hires Manager
    BSC America Hires Manager Tommy Rogers has joined Bel Air Auto Auction as general manager of its Clayton Station Auction Center. As part of the BSC America management team, Rogers will also perform regional…
    Written on Sunday, 24 July 2016 16:09
  • ADESA Names Dealer Relations Director
    ADESA Names Dealer Relations Director ADESA announced that Trent Strauss has been promoted to director of dealer relations for ADESA, effective immediately. Strauss will report to Steve Dudash, vice president of dealer services. In his…
    Written on Wednesday, 28 September 2016 12:23
  • Depreciation Rates Improve
    Depreciation Rates Improve The average price of a used vehicle for model years 2011-15 depreciated by 1.5 percent during July, slightly better than June’s 1.7 percent, according to Black Book. The market performance…
    Written on Wednesday, 10 August 2016 14:59
  • NAAA Offers Support for Flooded Sale
    NAAA Offers Support for Flooded Sale National Auto Auction Association President Mike Browning drew attention to the victims of the flooding in Louisiana in a letter to members on Aug. 19, spotlighting member Oak View Auto…
    Written on Friday, 19 August 2016 14:40
  • Penske Reports Mixed Results
    Penske Reports Mixed Results Penske Automotive Group Inc. reported mixed results for its used-car operations in the second quarter.Used unit retail sales rose 6.8 percent, but same-store used unit retail sales declined 2.6 percent.Same-store…
    Written on Monday, 01 August 2016 17:56
  • City Honors Auction for Community Involvement
    City Honors Auction for Community Involvement Manheim Seattle won the City of Kent's “Best of Kent” award for the fifth consecutive year, qualifying the auto auction for the Kent Business Hall of Fame. The award is…
    Written on Wednesday, 03 August 2016 15:07
  • Association Honors Charitable Auction
    Association Honors Charitable Auction ADESA Winnipeg, located in Winnipeg, Manitoba, Canada, has earned the inaugural 2016 Eastern Auction of the Year Award from the National Auto Auction Association. The award honors excellence in community…
    Written on Friday, 19 August 2016 14:40
  • Manheim Index Rises Again
    Manheim Index Rises Again Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased for the fourth consecutive month in July. The Manheim Used Vehicle Value reading was 127 for July,…
    Written on Friday, 05 August 2016 14:32