To celebrate the auto auction industry’s seven decades of entrepreneurship, vital economic impact and community service, the National Auto Auction Association is presenting an opportunity for auctions to host special events and activities during National Auto Auction Week, Aug. 20-24, 2012.
We want to take this special week to thank your dealer clients, recognize your staff and renew your commitment to your community. Your partners and employees help make your business a success, which we believe is important to share with friends, neighbors and business associates.
The National Auto Auction Association (NAAA), which was founded 64 years ago in August, established this week to increase the public’s awareness of the industry and its contributions. Due to the unavailability of vehicles in the South during the Depression, some enterprising livestock auctioneers began bringing down a few used cars from the North to sell along with cattle and farm machinery. Today, the NAAA reports that its 314 North American members sold 7.66 million vehicles worth $73 billion in 2011. In addition, the average auto auction now employs 141 people and operates a facility of about 79 acres.
“These figures show the strength and depth of a mature industry,” said NAAA President Charlotte Pyle. “Despite numerous challenges to the U.S. economy, our industry has demonstrated its resiliency.”
President Pyle added that auto auctions have a tradition of generously giving back to their communities, sponsoring everything from children’s sports to college scholarships. Last year NAAA’s members raised more than $1.8 million for a variety of local charities.
NAAA Posted 8/2/2012