NAAA Member Auctions Report Largest Gross sales Quantity Since 2020 – Remarketing
The impartial accounting agency LSWG of Frederick, Maryland, carried out the 2024 NAAA Public sale Business Survey for the Nationwide Auto Public sale Affiliation.
Photograph: NAAA / Automotive Fleet
Nationwide Auto Public sale Affiliation (NAAA) member auctions reported almost 7.6 million autos offered in 2024, representing the very best gross sales quantity for the business since 2020.
Greater than 12 million autos have been provided on the market at NAAA member auctions, leading to a 61.3% conversion price. That share was an enchancment over 2023 and was the second-highest conversion price ever reported. The common wholesale value of items offered was $13,921, down 5% from 2023. Though automobile costs declined in 2024, that was offset by quantity progress of roughly 335,000 autos for an estimated complete product sales worth of over $105 billion.
The impartial accounting agency LSWG of Frederick, Maryland, carried out the 2024 NAAA Public sale Business Survey for NAAA, offering probably the most complete image of the wholesale auto public sale business.
“The survey outcomes present as soon as once more that NAAA member auctions are the spine of automobile remarketing in North America,” mentioned Larry Dixon, NAAA VP of Public sale Knowledge Options. “Our members reported year-over-year progress in items offered regardless of going through headwinds akin to declining costs, a scarcity of autos, and shifting market dynamics.”
“Our member auctions proceed to develop and add worth within the public sale lanes and on-line as they supply a full spectrum of remarketing providers which can be vital to the well timed and environment friendly redistribution of used autos,” mentioned NAAA Govt Director Paul Lips. “The huge quantity of actual property held by auctions coupled with their reconditioning, logistics, titling, and different providers present a one-stop resolution for consignors and patrons that can’t be duplicated.”
