Public sale Gross sales Up Yearly, Month-to-month, and Quarterly – Remarketing
In absolute phrases, March’s gross sales efficiency was the very best for the month since March 2021.
AuctionNet wholesale public sale gross sales reached 620,600 items in March, up almost 6% versus March 2024, with each months providing the identical variety of promoting days.
Gross sales additionally improved in comparison with February, rising 4% on a promoting day-adjusted foundation. In absolute phrases, March’s gross sales efficiency was the very best for the month since March 2021. Wholesale public sale gross sales throughout Q1 2025 totaled 1.79 million items, up 4.9% versus 2024’s Q1 whole.
Seller public sale gross sales rose a tepid 0.6% year-over-year in February, however development jumped to 4.1% in March, whereas business gross sales completed the month 12% greater than final 12 months. The rise in business gross sales was primarily resulting from a big 40% year-over-year improve in 2-year-old automobile quantity, primarily comprised of off-rental items.
Mainstream automotive gross sales (e.g., compact and mid-size vehicles) fell greater than 12% in March on a prior-year foundation, bringing their year-to-date change to -11% versus Q1 2024.
The rise in rental wholesale gross sales stems from two major elements:
- First, wholesale development resembles the development in new rental fleet gross sales that occurred after the trade moved previous the semiconductor and provide chain points from a few years in the past.
- Second, rental firms are swapping out bigger numbers of older in-service autos to make the most of the extra favorable pricing and residual worth outlook of 2025 items.
For different age teams, 3-year-old and 4-to-5-year-old automobile gross sales fell by a mean of 10.7% yearly in March.
For off-lease quantity particularly, 3-year-old public sale quantity for lease-heavy manufacturers grew greater than 50% in 2024, however quantity is down about 15% year-to-date versus Q1 2024.
The drop isn’t a surprise, provided that new lease originations, most of them for a 36-month time period, tumbled in late 2021 and 2022 because of the chip scarcity and different supply-chain-related points.
Mainstream automotive gross sales (e.g., compact and mid-size vehicles) fell greater than 12% in March on a prior-year foundation, bringing their year-to-date change to -11% versus Q1 2024. Mainstream utility gross sales grew over the quarter, rising by 10.6%. Van gross sales grew most over the quarter, rising almost 27%, largely resulting from many Chrysler minivans offered at public sale.
Whole electrical automobile public sale gross sales exceeded 12,400 items in March, which was 15% greater than recordings for the group in any month to this point and 38% greater than in March 2024. Tesla fashions comprise the lion’s share of EV public sale gross sales (Tesla gross sales elevated 28% YOY via Q1). Nonetheless, Ford, Kia, and Volkswagen EV gross sales grew considerably throughout Q1, rising by a mixed common of 146% versus Q1 2024.
Month-to-month AuctionNet knowledge is derived from 265 NAAA 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.
