DETROIT -- Dealers purchased almost 9 million vehicles at National Auto Auction Association member auctions in 2009, down 6 percent from 2008, according to the auction group's 13th annual survey.
Vehicles sold at the auctions' physical and online sites in 2009 were valued at almost $81 billion, down 3 percent from 2008, the survey found.
The association's state of the auction industry report was released this week,. It is based on responses from 217 of the association's 312 members.
Citing the economic downturn and issues facing the auto industry, NAAA President Dave Angelicchio said the declines were expected. This is only the third time in 13 years that the industry has seen a yearly decline, he added.
“I think the survey results show the strength and depth of a mature industry that, despite various challenges over its seven decades, has demonstrated its resiliency,” Angelicchio, said in a statement.
Other survey findings:
• The auto industry sent 15 million vehicles to auctions in 2009, down 15 percent from 2008.
• The average price per unit increased 3 percent in 2009 to $9,026.
• Fleet, lease and repossessed vehicles collectively represented the largest number of units sold at auction last year at 47 percent. Vehicles consigned by dealers represented 39ercent of the vehicles sold, factory-owned units represented 10 percent and the rest came from other sources.
• Ninety-nine percent of auctions have detail shops; 92 percent have repair and paint shops; 98 percent provide some level of mechanical services; and 98 percent offer dealer financing.
The survey was conducted by LarsonAllen LLP of Arlington, Va.