April 17, 2023 | Market Insights from Joe LeMonds
We turned on the afterburners for NASCAR Days here at DAA Las Vegas last week! Coming off a red-hot market in Q1, the DAA team put together another impressive promotional event. With an offering of 500 vehicles from commercial consignors like Exeter Finance, Avis Budget Group, Overland West, and United Auto Credit, there was something for everyone. Our dealer consignment partners showed up in kind with increased volume from Towbin Automotive Group, Jim Marsh, Lithia, and more. Conversion remained in the mid 70% range even as market pricing seems to be hitting another peak. Two of our dealer partners won two tickets to the NHRA Nationals here at the Vegas Motor Speedway this weekend.
While uncertainty still looms in the market, the lack of available inventory continues to drive conversion performance. The team at DAA Las Vegas is committed to meeting our buyers and sellers where they are and identifying areas of opportunity to grow our partnerships even through market volatility. Promotional events like NASCAR Days are opportunities to showcase that desire. We are thankful for the continued support from our MAG family in the PNW as well as our market partners and friends. We look forward to seeing you all in the lanes as we push forward through the Spring!
General Manager, DAA Las Vegas