February 17, 2023 | Market Insights from Joe LeMonds
This week we celebrated our 9th Anniversary at DAA Las Vegas. What a celebration it was! The entire team worked tirelessly to put together our biggest volume sale so far, 600 cars! Our consignor and buyer partners responded with an incredible show of participation.
The market scarcity continued its prevalence, leading to a 78% conversion rate on everything offered. It seems that all vehicle segments are in demand as the ever-changing market volatility of the past few years continues.
We were blessed to have several new and familiar faces join us for this celebration. Representatives from Avis Budget Group, United Auto Credit, CIG Financial, and U-Haul Fleet joined us in the lanes and represented their cars. After the limitations on travel and in-person lane attendance the past few years, it was a blessing to see these familiar faces on the block.
The team at DAA has committed wholeheartedly to building the MAG brand in Las Vegas over the past two years. Adding to the foundation laid by Dan Thomas and Russ Norrish, the sale has grown in every aspect. We continue striving to deliver superior customer service, outstanding sales results, and a place where our partners want to be every week. We could not have such a successful event without you, our customers, and the support of our MAG Family in Spokane and Seattle. I would like to send a special thanks to Marilla Brooke and Tammy Swafford who provided tremendous support and preparation for the Anniversary event. You both embody what it means to provide a radical customer experience!
As we look forward to our next promotional event in May, we aim to leverage the success of this week and carry it over to every Wednesday. We thank you all for your continued trust and look forward to seeing you in the lanes
Joe LeMonds
General Manager, DAA Las Vegas