NAAA: Wholesale Volume Rises Nearly 10 Percent to Close 2012
The latest data from the National Auto Auction Association pointed toward growing volume coming down the lanes.
In December, volume at member auctions rose by 9.8 percent year-over-year, finishing 2012 with a year-to-date level that was 0.5 percent higher.
In terms of prices, NAAA found that December prices came in 0.4 percent higher than the same month a year earlier. However, year-to-date, the association said prices softened by 1.6 percent.
NAAA economist Ira Silver also mentioned one other macroeconomic measure in his latest industry dashboard. Silver noted real consumer spending in November climbed 2.1 percent year-over-year, leaving the year-to-date reading 1.8 percent higher.