Wholesale auctions sold 9.8 million vehicles worth $100 billion in 2016 with the majority coming from dealer consignment, according to the National Auto Auction Association (NAAA). The association has been surveying its members for 20 years.
by Staff
June 27, 2017
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1 min to read
File photo
Wholesale auctions sold 9.8 million vehicles worth $100 billion in 2016 with the majority coming from dealer consignment, according to the National Auto Auction Association (NAAA). The association has been surveying its members for 20 years.
The reported 9.8 million units sold represented a 4.6% growth over 2015. The number of vehicles entering their auctions was also up, growing 2.3% to 17.7 million, according to NAAA.
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"The survey results show the strength and depth of a mature industry that has demonstrated its resiliency," said NAAA CEO Frank Hackett. "I'm confident we'll continue to be a vital and growing part of our nation’s economy as we look forward to celebrating the auto auction industry’s 80th anniversary in 2018."
Dealer consignment accounted for 52% of the units sold in 2016, according to the survey. Fleet, lease, and repo — the organization labels this as Finance & Fleet — followed closely, accounting for 40.3% of unit sales. Manufacturer vehicles accounted for 6.5% of unit sales, and the remaining 1.2% came from other sources.
The average NAAA member auction operates on 78 acres, the survey found. In addition, the average auction facility operates eight lanes and employs 137 people with a payroll of $4.2 million. Of NAAA’s 342 member auctions, 252 responded to this survey.
The 2026 Conference of Automotive Remarketing convened with a mandate to involve a new constituency — fleet managers — and an updated mission to demonstrate unrealized value in de-fleeted vehicles.
The Association, dedicated to advancing the remarketing phase of the vehicle lifecycle, held its kick-off meeting on April 16 at the 2026 Conference of Automotive Remarketing (CAR) in Cleveland.
From a Wall Street analyst's take on remarketing's key players to whether fleets need their own version of Carfax, CAR 2026's afternoon roundtables will answer key operational and industry questions.
A panel at the 2026 Conference of Automotive Remarketing will examine how resale value is created across the vehicle lifecycle and which traditional remarketing practices still deliver ROI.