Repo volume in wholesale climbs double digits in first half, but growth expected to slow

There were 3.41 million units sold at auction in the first half of the year, which is an 8% hike, according to AuctionNet data from the National Auto Auction Association.

But the oldest contingent of that group showed even steeper growth: Auction sales of vehicles 11 years and older climbed 11% in the first half of 2024, NAAA said.

The reason?

It’s repo.