Auction Industry Projects Gross Revenues to Reach $269.6 Billion in 2007.37 Percent of Real Estate Auctioneers Reported Increase in Home Auctions OVERLAND PARK, Kan. -- The National Auctioneers Association The National Auctioneers Association (NAA) is a group of auctioneers, auction businesses and related companies that seeks to promote the auction method of marketing and the practice of auctioneering in the United States The NAA is an interest group.. recently unveiled its third quarter survey results conducted by Morpace, Inc., projecting continued positive growth in the auction industry. Initiated in 2003, the quarterly survey compiles data and tracks the growth of the industry in the United States. In 2006, the total value of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. sold at auction totaled $257.2 billion, an increase of 7.1 percent from 2005. Gross revenues in the first three quarters of 2007 have increased nearly 5 percent from the same time period one year ago. Current projections for 2007 gross sales Gross Sales A measure of overall sales that isn't adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge. receipts total $269.6 billion. Forty-seven percent of NAA NAA Nomina Anatomica Avium. members surveyed reported an increase in gross sales receipts in the first three quarters of 2007, with 31 percent reporting no change in sale receipts compared to the previous year. Residential real estate auctions continue to be one of the fastest growing segments of the live auction industry with an estimated growth of 3.1 percent since the end of the second quarter. During this same period, commercial and industrial real estate auction has grown 2.9 percent. Thirty-seven percent of real estate Auctioneers surveyed reported an increase in real estate auctions, with 32 percent reporting no change. Total real estate revenues for 2006 include: Residential Real Estate ($16.0 billion), Commercial/Industrial ($15.0 billion), and Land/Agricultural ($25.3 billion). About the NAA Headquartered in Overland Park, Kansas Overland Park is the second most populous city in the U.S. state of Kansas. It is located in Johnson County, a satellite city of Kansas City, and is near Olathe, Lenexa, Prairie Village and Leawood. In 2006, the estimated population is 167,500. , the National Auctioneers Association (NAA) represents the interests of almost 5,600 Auctioneers in the United States, Canada and across the world. Founded in 1949, the mission of the NAA is to promote the auction method of marketing and enhancing the professionalism of its members through education and technology. To learn more about Auctioneers, auctions and the NAA visit: www.auctioneers.org. About Morpace, Inc. Morpace, Inc. is a full-service market research and consulting company headquartered in Farmington Hills, Michigan Farmington Hills is the most populous city in Oakland County of the U.S. state of Michigan. It is a suburb of Detroit and is known for it's affluence, excellent schools, great housing stock, luxury homes and a center of business in Oakland County and Metro Detroit. . Morpace's research and consulting staff con·sult·ing staff n. The body of specialists affiliated with a hospital who serve in an advisory capacity to the attending staff. provide in-depth understanding of research findings and actionable recommendations to a broad range of client industries including automotive, financial services, health care, and technology. Morpace has particular expertise in the areas of market definition and segmentation, product design and marketing, brand and image positioning, pricing and marketing strategy. Morpace also specializes in external and internal customer satisfaction, quality measurements and Customer Relationship Management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ). |
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