NAAA: Auction Volume Jumps More than 10 Percent in May
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FREDERICK, Md. –
Auction volume for May was up more than 10 percent against comparable weeks of 2012, and year-to-date, the upswing has eclipsed 3 percent.
That’s according to the latest Economic Dashboard prepared by National Auto Auction Association economist Ira Silver.
Specifically, volume for the month climbed 10.3 percent year-over-year, with the year-to-date increase at 3.1 percent.
Average auction prices (also for comparable weeks) were down 4.4 percent year-over-year in May; year-to-date, they were down 3.2 percent.
Citing CNW Research, NAAA said used-car sales climbed 1.9 percent in May, with year-to-date sales ahead 4.3 percent.
New-car sales (seasonally adjusted) were up 9.6 percent during the month. Through May, they’re up 7.7 percent. Lastly, NAAA found that real consumer spending increased 2.1 percent on both a year-over-year and year-to-date basis.
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