McLEAN, Va. -

There was a 3-percent month-over-month increase in AuctionNet sales volume in February for cars up to 8 years in age, according to NADA Used Car Guide, which noticed particularly strong increases in transactions of cars from the 2014 and 2012 model-year classes last month.

The latest Guidelines report indicates there were close to 1,600 AuctionNet transactions of 2014 model-year vehicles in February, compared to 819 in January. There was an 8.5-percent uptick for 2012 model-year cars, which goes hand-in-hand with the off-lease surge, the report indicates.

As for 2010 model-year vehicles, there were close to 10 percent fewer AuctionNet transactions for these cars during February, which the report says mirrors what’s happening with off-lease volume in that class.

There was a 0.2-percent dip in AuctionNet volume within the 2013 model segment and a 1.5-percent rise for vehicles from 2011.

The transaction numbers for cars from the 2007 through 2009 model years rose 3.9 percent, on average, due largely to stronger dealer consignment activity, NADA said.

Providing some additional context, NADA Used Car Guide’s Jonathan Banks said in the report: “Year-to-date, the number of 2013 model-year AuctionNet sales is 15 percent lower than those of 2012 model-year sales recorded over the same period last year.

“Again, this can likely be chalked up to an abnormally harsh winter impeding the progress of rental units to auction,” he continued. “Volume for model years 2010–2012 is on average 24 percent higher than what was observed for like-age units last year, which is unsurprising given the annual rise in new vehicle sales that’s occurred since 2009.”