October 26, 2021 | Market Insights from DAA Northwest’s Collin McConkey.
Last week’s sale was a blast. Our team got rallied and put together a great sale. Our annual Moose Sale brought in 1,400 units that caught the eye of 730 bidders from all over the western US. In this compressed market we were very proud of our lineup; 485 Canadian trucks and SUVs, 460 late-model dealer units, 225 fleet/lease units, and over 200 dealer trades.
The Moose Sale is McConkey Auction Group’s longest-standing tradition and the cornerstone of our promotional events. While the Rock & Roll Sale is better known at this point, the Moose Sale is where it all started with my grandpa back at South Seattle Auto Auction. To honor the tradition our staff wore ties, we served BBQ sandwiches and had a barn burner of a sale.
One year ago, in Bob’s market message he wrote, “Mid-October through the end of the year has traditionally been pretty tough. By contrast, activity this year is still very strong. Certain late-model car segments have gotten soft, but trucks, SUVs, and anything a few years old that is nice is still in strong demand.” This year we find ourselves in a similar COVID market that we were in this time last year. If anything, we have seen a steady increase this fall as wholesale and retail prices are at all-time highs. We are hearing that new product is still extremely scarce but has started to increase slightly week over week from the lowest points in June.
In our lanes we are seeing more of you able to join us in person, which we love. However, we know a lot of you can’t travel to Spokane every week, but we are determined to stay connected with you all. We appreciate the countless simulcast messages to our auctioneers and clerks, the facetimes, calls, texts, and emails that you send our way!
Thank you all for partnering with us,
General Manager, DAA Northwest