November 11, 2024 | Market Insights from Collin McConkey
First, I want to extend a heartfelt THANK YOU to everyone who made our 32nd Anniversary Sale such an outstanding event! We had an incredible turnout for both our Wednesday night fundraising dinner and Thursday sale, and it was truly inspiring to see everyone come together to support great causes.
In addition to a fabulous evening Wednesday, the next day, the market showed positive momentum compared to recent weeks. DAA Northwest ran 1,800 units and achieved a conversion rate of over 60%. With the Federal Reserve’s recent quarter-point cut, we’re optimistic that this stability will carry through the end of the year. Conversations this week also suggest a recent uptick in retail, which we expect to hold steady.
A huge thank you to everyone who joined us on Wednesday night and contributed so generously. Together, we raised an impressive $175,100 for Union Gospel Mission, Young Life, Spring of Hope, and Vanessa Behan. It’s amazing what we can accomplish as a dealer community to support those in need.
In line with our anniversary celebration, we also announced our exciting plans for growth in the Northwest. We’re moving forward with a physical auction expansion into Portland, reflecting our family’s dedication to this region and commitment to enhancing the network of services we offer to you, our valued dealer community. Watch for more information about DAA Portland soon.
Thank you again for being part of our 32-year journey. I look forward to all the future holds for us together!
Collin McConkey
General Manager, DAA Northwest