Through 10 Months, Auction Volume Hike Approaches 7 Percent
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FREDERICK, Md. –
Auction volume in October was up more than 10 percent against comparable weeks of 2012, according to the latest Economic Dashboard from the National Auto Auction Association, which said that year-to-date volumes are ahead 6.6 percent through 10 months.
The report, prepared by NAAA economist Ira Silver, found that average auction prices last month were down 1.7 percent and off 2.2 percent year-to-date. Both these measures are against comparable weeks of 2012.
Citing CNW Research, NAAA indicated that used auto sales climbed 3.6 percent year-over-year in October, with the year-to-date sum up 3.5 percent.
The seasonally adjusted new-car sales total was up 5.8 percent year-over-year last month and up 8 percent through 10 months, according to the report.
Real consumer spending (in September) climbed 1.7 percent from the prior-year period, with the numbers through three quarters up 1.9 percent.
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