October 13, 2025 | Market Insights from Bob McConkey
I have felt compelled lately to write what was, for years, my weekly Market Recap, a message of perspective on the market and our company.
Much has changed for MAG in recent years. Some familiar names and faces who helped build DAA over the past 33 years have retired. Many new faces have stepped into key roles, taking the reins to help us evolve and expand. I am proud of the progression of our company. With a strong succession plan in place and a firm footprint planted in the Pacific Northwest, MAG is well-positioned to serve you, our customer, for many years to come.
I feel like we are in the midst of our first traditional fall market in quite some time. Annual market cycles that were once predictable have all but disappeared. The disruption of 2020–2021 created a new dynamic of supply and demand unlike anything we had previously experienced. Those dynamics have largely subsided, but still linger to some extent. The return of an aggressive fall rental car de-fleet, along with somewhat ho-hum new car sales, has contributed to some late-model depreciation over the past 30 days.
On a more macro level, there remains a shortage of quality late-model product. The lack of non-electric, off-lease vehicles entering the market will keep supply in check for several years to come. The rental car de-fleet is a temporary phenomenon, and overall market dynamics remain healthy as we enter Q4 of 2025.
As one of several options in the marketplace, we know we must earn your business each and every week — and we strive to do just that. We are proud of our auction sites and, more importantly, the fine people who make them run. DAA Portland is off to a fantastic start, DAA Seattle has become the largest sale in the Seattle market, MAG NOW serves a diverse customer base from Alaska to the Oregon border, and DAA Northwest remains the engine and glue that supports it all.
Thank you for your continued support of what we do.
Bob McConkey
President & CEO,
McConkey Auction Group