NAAA: More Digital, More Furloughs

By Staff Writer March 31, 2020 746
The majority of dealers have switched to simulcast according to NAAA CEO Frank Hackett. The majority of dealers have switched to simulcast according to NAAA CEO Frank Hackett.

The National Auto Auction Association’s weekly conference call with industry leaders was less eventful than in recent weeks, said CEO Frank Hackett.

The March 30 call showed that few live sales are happening and government shelter-in-place orders may have something to do with that.

“Most everybody now is doing simulcast,” Hackett said. “There are a few independents that are still trying to do brick-and-mortar sales, but we’re finding those are fewer and fewer every week.”

More auctions are furloughing employees as this crisis continues, he said.

“The difference between a layoff and a furlough is the furlough means you’re coming back, we’re just not paying you,” Hackett said.

He said there hasn’t been a big change in the industry from last week.

“(AutoTec CEO) Chuck Redden said he is beginning to see a little bit of an increase in payment problems,” Hackett said. “We’re continuing to watch for fraud at the auctions. But at this point, I can’t say much has changed from last week.”

Hackett said the group will continue to conference each Monday until members feel it’s not needed.

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Last modified on Friday, 03 April 2020 12:22

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