Auction sales volume up 6% in June

McLEAN, Va.  - 

Auction sales volume wasn’t quite as heavy in June as it was in May, but there was still a good bit more units pumping through the lanes this June than last.

And through the first half of the year, the late-model segment, in particular, is up close to 8 percent. 

According to the latest Guidelines report from J.D. Power Valuation Services, there were 373,188 sales of cars up to 8 years old at auction last month. This is down 4.7 percent from May, but beats year-ago figures by 6.4 percent, J.D. Power said.

And this trend is even more pronounced (in either direction) for late-model vehicles, or cars that are 3 years old or younger.

J.D. Power found that there were 244,116 auction sales of late-model units last month, which is down 5.7 percent month-over-month.

While the report did not provide a year-over-year comparison for June, it did note that year-to-date auction sales volume for late-model units —  which came in at a staggering 1.46 million — is up 7.9 percent compared to the opening half of 2016.

The segment leading the late-model surge is the midsize car, J.D. Power said.  Its year-to-date auction sales volume through June is up 4.5 percent at 297,291 units.  The firm said these cars “accounted for the lion’s share of industry volume.”

Another high-riser is the late-model compact utility vehicle, whose volume is up 28.2 percent at 218,094 units. 



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