Brasher: Repos & Lease Returns Strong; Rentals Struggling

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SACRAMENTO, Calif. –
Repossessions and lease returns are very strong in the auction lane, while rentals are struggling, said John Brasher of Brasher’s Sacramento Auto Auction in the facility’s post-sale video report this week.
Also strong in the lanes, Brasher noted, were most dealer trades.
“Our closed Ford factory sale was the strongest we’ve had in many months,” Brasher added. “But in our open sale, both in the Ford lanes and in some other lanes, the rentals seemed to be struggling a little bit.
“Buyers and sellers don’t quite seem to have a meeting of the minds yet, but that will definitely come around in the fall,” he said.
On the low end, Brasher noted that many of the new-car store trades struggled somewhat in the lanes.
“There have been a lot of trades generated by a lot of new-car sales; I think that’s affected that lower end,” he said. “Overall, it was a very good sale. Dealers needed inventory, and they competed head to head for the right cars.”
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To view the entire post-sale report, see www.brasherssacramento.com.