The wholesale market was mixed last week as a wide variety of issues influences conditions in one direction or another. Black Market provides its weekly analysis to make sense of it all.
Black Book: Weekly Market Update
Wholesale prices varied last week as the market continues a rebalancing.
August 20, 2024
Credit:
Black Book
1 min to read
Originally posted on Auto Dealer Today
More Industry
One of Earliest U.S. Auto Dealers Exits
The sale of two Minnesota franchises ends a rare multigenerational business while adding to one of the Midwest’s biggest auto groups.
Read More →
New at the Wheel
2026 NADA Chairman Rob Cochran knows a thing or two about leadership after decades in the business. He brings an emphasis on stewardship to his new role at the head of the country’s major auto retail trade group.
Read More →
Hyundai Expands North American Footprint
Building on a previously announced $26 billion U.S. investment, Hyundai said it will grow its North American lineup and U.S.-based production and parts sourcing.
Read More →
Crash Avoidance is Top Priority
The Insurance Institute for Highway Safety awarded 63 vehicles for safety, and SUVs lead the picks with more than half of the base and Pick+ awards.
Read More →
2025 Dealership Buy-Sells a Record
The Kerrigan Index shows that despite a chaotic year of musical trade tariffs, high vehicle prices and more roadblocks, acquirers still flush with pandemic-era cash accelerated the consolidation pace.
Read More →
Used-Vehicle Sales Jump in February
Softening prices, rising credit availability and higher tax refunds could be behind February’s sales pace rise and accompanying dip in inventory, according to Cox Automotive.
Read More →
Fewer Cars Disappeared Last Year
Reported thefts fell to their lowest level in decades, though the risk is still quite real, especially in large metro areas. Meanwhile, Hyundai and Kia nabbings, though still high, slowed.
Read More →
Used EVs Buck Days-on-Market Trend
ISeeCars data shows a significant gap between used and new days on market, used cars sitting 40% longer while new cars are down 15% year-over-year as of February.
Read More →
Texas Rooftop Gets New Owner and Name
Gilchrist Automotive has added Team Gillman Chevrolet to its auto group, which has over 20 locations across Texas and Oklahoma. The store will now operate as Gilchrist Chevrolet.
Read More →
Registration Open for Reynolds Amplify Retail Summit
Advancements with Reynolds' AI Agent, Rey, will take center stage this August at the Park Hyatt Aviara in Carlsbad, Calif., near San Diego.
Read More →