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Tuesday, 27 July 2021 21:16

Sales Down 20% at Auto Auctions Last Year, but Bright Spots Remain

Written by Joe Overby, Auto Remarketing
Sales Down 20% at Auto Auctions Last Year, but Bright Spots Remain Cherokee Media Group file photo by Jonathan Fredin

Index

...$15,777 last year, with simulcast units commanding a price of $12,921.

 

“Given the lockdowns, disruptions and uncertainties of an unprecedented public health crisis, some weaker numbers for 2020 were not completely unexpected,” NAAA CEO Tricia Heon said in a news release.

 

“I think it’s encouraging that we saw some positives, such as the continued rise in the average vehicle price, and the slip in value of units sold still remained at a level modestly higher than five years ago,” Heon said.

 

The new NAAA CEO would later applaud member auctions for how they adjusted to the challenges of 2020.

 

“Our ability to adapt to change through innovation, flexibility and teamwork has always been the strength of our industry and our organization,” said Heon. “Those qualities displayed by the dedicated auction owners, their hard-working staff, the loyal consigners and buyers, all standing together in tough times helped us meet this challenge, and will keep us moving forward.”

 

Heon was named CEO of the association earlier in July, replacing Frank Hackett, who retired from the position after 17 years. Heon had been COO since 2019 after joining NAAA in 2011, and she is the organization’s first female CEO.

 

NAAA is set to hold its annual convention Sept. 28-30 in Chicago, resuming the live, in-person event.

 

We thank Auto Remarketing for reprint permission.

 

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