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October Wholesale Auction Sales: Yearly Growth Continues Amid Regional and Segment Shifts

Wholesale auction sales in October reached over 621,500 units, up 11.6% year-over-year (adjusted for selling days) but down 1.6% compared to September, with a sharp 7.7% decline in the hurricane-impacted Southeast. However, sales in Florida, Georgia, and North Carolina rebounded in late October, offsetting initial declines. Dealer sales rose 6.9% year-over-year but fell 4.1% month-over-month, while commercial sales grew 18.4% year-over-year and 1.8% from September. Sales of 1- to 5-year-old vehicles increased 11.2% from last October, reflecting strength in off-lease, rental, and fleet units, though overall month-over-month growth was modest. Segment-wise, CUV/SUV and pickup sales surged 21% year-over-year, while luxury vehicles rose 16%, driven partly by EVs, whose sales grew 50% year-over-year despite slowing monthly growth. EVs comprised 1.6% of total AuctionNet sales through October, highlighting their growing market presence.

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