SACRAMENTO, Calif. -

The buying fever faded a bit in the auction lanes this week, according to John Brasher of Brasher’s Sacramento Auto Auction.

He noted in the post-sale report from the auction’s Jan. 15 sale:“The strong market continued, but I must say it wasn’t the fever pitch it was last week. Last week was the first full week of the new year, and a lot of the consignors hadn’t been selling for the previous two weeks.

“Last week was stronger on the rental cars, but this week was still very good. All the rental accounts posted great results, and we’re happy with what we did,” Brasher added.

Noting strong year-end new-car sales, dealers are now reporting that new-vehicle sales have slowed a bit, something Brasher said was to be expected.

What is different this year, he said, and is reflected in the market, are reports that tax returns may be delayed.

“That tax return market, the cheaper, as-is cars market, remains good but not great,” Brasher said. “This time last year many consumers already had their tax return checks, and that market was through the roof.”  

To view the full post-sale report, visit www.brasherssacramento.com.
 

Nancy Pardue can be reached at npardue@autoremarketing.com. Continue the conversation with Auto Remarketing on both LinkedIn and Twitter.