Dr. Ira Silver
National Auto Auction Association
Auctions continue being an integral part of U.S. remarketing channels; volumes at auctions were up 7.3% compared to the first six months of 2014. The market is seeing an upward trend following a steep drop off – with 10.7% growth in January 2015 followed by 5.4% in February and 4.5% in March, with June seeing the second highest volume growth rate for the year.
June Was a Particularly Active Month – Up 8.3% in Volume Over June 2014:
Compared to May 2015 having been up 7.1% over May 2014 in auction volume.
New Light-Duty Vehicle Sales Had 1.5% Growth over June 2014:
Up 4.8% year-to-date and averaging a forecast of 16.8M units sold for the year.
Economic Indicators Solid for Unemployment Rate and New Hires:
Unemployment at 5.3% compared to 5.5% for year, with 223K new hires for the month.