USS Group used car auctions surge 20% in Q1

USS Co. reported a 20.4% increase in vehicles consigned for its used car auctions in the first quarter, with vehicles contracted rising 7.8% year-over-year.

However, the contract completion rate fell to 62.9% from 70.3% in the prior year period.

Total consigned vehicles across all locations reached 907,698, up from 753,732 previously. Contract completions totaled 571,099 vehicles compared to 529,976 in the same quarter last year.