Supplier public sale gross sales had been buoyed by an inflow of trade-ins in April stemming from client pre-buy exercise in anticipation of upper costs as a consequence of tariffs.
AuctionNet wholesale public sale gross sales reached 601,300 autos in Might, up 3.5% from final Might (promoting day adjusted), in accordance with month-to-month figures launched June 12 from AuctionNet.
Whereas up, Might’s quantity efficiency was much more muted than April’s robust 12.6% year-over-year rise. Month-to-month, gross sales fell 3.4% in comparison with April, which was the strongest month of gross sales since July 2020.
AuctionNet gross sales reached 3.05 million autos throughout the first 5 months of the 12 months, up 7.1% versus 2024 (promoting day adjusted). Yr-to-date, gross sales are down 14% in comparison with the identical interval in 2019.
Supplier Public sale Gross sales
Rising practically 17% on a prior-year foundation, seller public sale gross sales had been buoyed by an inflow of trade-ins in April stemming from client pre-buy exercise in anticipation of upper costs as a consequence of tariffs.
Given April’s pronounced progress, Might was prone to expertise some correction in seller quantity. That is precisely what occurred. Supplier gross sales grew by a lesser 4.6% final month in comparison with Might 2024, they usually had been down greater than 7% in comparison with April (promoting day adjusted).
Industrial Public sale Gross sales
Industrial gross sales progress additionally slowed final month from April’s 10.5% improve, with progress moderating to 4.5% on a prior-year foundation and slipping 0.3% from April.
Off Leases Up, Off Leases Down, Repos Up
General, gross sales of 1-to-2-year-old autos, which embody a heavy mixture of off-rental models, continued to develop appreciably final month, rising practically 23% in comparison with final Might and 19% versus April.
Gross sales of three-year-old autos, which embody many off-lease models, fell 19% on a prior-year foundation and seven% versus April.
4- and five-year-old automobile gross sales dropped 13.4% on a prior-year foundation, whereas gross sales of autos 7-plus-years-old grew 8% year-over-year. Observe that business gross sales for the latter group rose 14% year-over-year in Might, reflecting continued repossession quantity progress.
Tesla dominated public sale gross sales of used electrical autos in Might. Whole EV gross sales had been up 48% in comparison with Might 2025.
EVs Present Highest Share Gross sales
Whole electrical automobile gross sales reached 13,500 final month, up 48% in comparison with final Might however down 9.5% from April’s 15,600 unit efficiency. Yr-to-date, practically 63,000 EV transactions have been reported by AuctionNet auctions, +53% versus 2024’s five-month tally (promoting day adjusted).
Wholesale Used Car Costs Flatter
Wholesale costs rose 2% in April in comparison with March however gave up the identical floor in Might as costs dropped 2% versus April. Whereas down, the autumn was barely higher than the two.7% month-over-month lower recorded in Might 2024.
Costs in Might had been 5.6% stronger than in Might 2024.
Month-to-month AuctionNet knowledge is derived from 265 Nationwide Auto Public sale Affiliation member auctions that use AuctionNet, and is taken into account essentially the most complete supply of wholesale auto public sale gross sales knowledge within the U.S.
