Bob’s Market Message

August 20, 2017

The dog days of summer have been in full swing during the past few weeks. These August days are precious to us all as we try to take advantage of the many awesome getaway spots the Pacific Northwest offers.  And of course, there is always the car business as it ebbs and flows but never stops, regardless of the temperature.

The market has been really solid as of late. Inventories have tightened a bit for a few different reasons. The slight shortage in certain sectors, combined with good retail activity has caused a bit of a uptick in auction activity.  Across all segments, it seems that demand is really strong right now. I’d guess this will hold for the next several weeks and will ease off a bit as fall arrives.

KCI, our sister auction in Kansas City, held its annual Guitars & Cars promotion this past week. It is our Midwest, country version of the Rock & Roll Sale. We are proud of our team in Kansas City and what they accomplished in that market over the past 8 years.

This past week’s KCI Guitars & Cars Sale results were incredible:  2680 consigned—2143 sold—80% sale

Now that is one Midwest kick-ass auction sale!! Congratulations to the KCI Kansas city team.

This week is promo week at DAA Northwest with more than 3,000 units over two days. Hope to see you in Spokane Wednesday at 2:00 pm and Thursday at 9:00 am.

DAA Seattle is rolling too—some big news is on the horizon there!

Thanks to you all for your patronage and support of our auction efforts!

– Bob