https://www.autoremarketing.com/wholesale/daag-enters-atlanta-market-acquisition
Some debate yesterday on ATI about where the industry is heading, and the DAA Group indicates its more bricks. Digital seems to be showing signs of limitations in that the facilitation and logistics that are needed by large commercial consignors and larger dealer groups simply are not there. Let's see if the ACVA antitrust suit goes anywhere... and if AutoIMS is permitted... my theory may be proved short sighted.
If prices are measured by book value on average, than you could say the market is about average . If you single out trucks, it quickly becomes a soft market. If you gauge small cars... try to guess what a Focus or Elantra will do! It may be mid-summer, and it has been hot... but not as hot as cars at auction! The auction business itself, as a whole, is in a rapid state of change and that has had more effect on prices than we give credit to. The shortage of cars crossing the blocks are still out there, but are selling through different channels . Finance companies sell direct. Rental companies have mature wholesale channels outside the auctions. OVE, AutoTrader, Cars.com... all outside channels that have syphoned vehicles out of auction lanes as well. I believe that these are major reasons as to why the "remaining" cars at auction have jumped to the levels they have. It has been the push away from the physical auction from the major consignments sources that has increased val...
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