Opinion piece by Nick Peluso
COMMENTARY: Manheim + NAAA, history in the making, marked by innovation
Monday November 13, 2017
Article Highlights
- The role the wholesale auto auction industry has in driving the U.S. auto market is significant; In 2016 alone, 9.8 million plus vehicles worth $100 billion were sold in the U.S according to the National Auto Auction Association (NAAA).
- Since its humble start as a three car, single-lane auto auction in 1945, Manheim has grown to become the world’s largest and most trusted wholesale used-car marketplace in the industry.
- Manheim’s offsite solutions, which include Digital Assurance, Dealer Direct Event Sales and Mobile Auctions, have grown 50 percent in volume year over year.
It is hard to believe I am heading out to Palm Springs … to attend the National Auto Auction Association (NAAA) convention for the 28th consecutive year! I still recall the first conference I attended; it was an experience like no other; the magnitude and the melting pot of people from all over the country and from all walks of life that make up the vast vehicle remarketing community gather together to attend this annual industry event. Over the years I have been fortunate enough to get to know and form relationships with the general managers from many of the auction locations along with other remarketing professionals.