Here we are, already in mid-November. 2015 is zooming by, and soon it will be only a memory. It has been an interesting year in the marketplace. Volumes have grown dramatically when compared to the lean years of the recent past. Fueled by the Canadian inventory invasion, retail trade activity and the return of retail lease cars and trucks, there is now plenty of auction volume in most every major marketplace from coast to coast. The Pacific Northwest is certainly no exception.
Fall of 2015 has brought the first significant market adjustment is several years. While it can feel like a bit of a bitter pill, it is actually positive. Developing is a good, healthy and more traditional spread between the value of a nice late model unit and that of a new vehicle. That is good for everyone concerned.
Two weeks ago, DAA Northwest’s 23rd Anniversary Sale provided a very healthy spike in the otherwise flat, yet stable October/November market. Volumes were huge with over 3100 units consigned and 1800 sold. Our annual Anniversary Sale fundraiser event netted $126,000 for charity. Thank you one and all who had a role in providing this needed boost to those less fortunate.
This week’s Spokane sale was less than spectacular, as we experienced a bit of a market hangover from the huge event the previous week. We expect a good rebound next week with volumes at 1600-plus and good fleet/lease volume.
The Spokane volumes of the past six months have put a strain on the facility and our staff’s ability to perform at the levels of excellence you have become accustomed to. Please know we recognize it and are working hard to improve every process that affects your experience at DAA. Thank you for your grace and your patience.
DAA Seattle continues to make its mark in the Puget Sound market. Startup auctions are hard. I know from experience, and this one has been no exception. The region has two long standing auctions who do a good job and compete for your business every week. The management and staff of Seattle is gaining experience and perspective, building meaningful relationships and confidence in the market, week by week and customer by customer. We appreciate your support of our efforts in the Puget Sound market.
We look forward to seeing you in the lanes next week.