10/15/2024 Weekly Market Updates

10/15/2024 Market Update

Here is a quick recap of industry related headlines over the last week:

• Last week, auction activity slowed down in several locations across the Southeast, as the region focused on recovery efforts from Hurricane Helene, while Florida prepared for Hurricane Milton’s impact.
• The auction conversion rate was 57%, up 1% from last week.
• Effects on the automotive industry remain unclear; however, the estimated number of affected vehicles continues to climb.

Read this week’s report to find out more