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COVID-19 Market Update from Black Book

Black Book recently published an update to their COVID-19 Market Updates.

Staff Writer

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June 16, 2020

COVID-19 Market Update from Black Book — Black Book recently published an update to their COVID-19 Market Updates.

1 min to read

BLACK BOOK – Black Book recently published an update to their COVID-19 Market Updates, which includes:

Current Wholesale Prices & Price Trends, including Auction Volume & Insights and Sales Rates
Used Wholesale Price Trends & Projections, including a Small Pickups Segment Highlight (Historical Trends of the Segment)
A Look at the Retail Vertical, including Retail Prices & Dealer Insights
New Vehicle Sales Outlook, including Forecasted Economic Scenarios
Used Vehicle Supply Projections, including Lease & Rental Unit Returns

Of note, the small pickup segment rebounded at a much faster pace than other segments as the lower price point made for a “good buy” at the auctions as consumer demand resumed due to loosening of restrictions. Wholesale values have increased for five consecutive weeks and at a higher percentage rate than the overall truck segment average over the past three weeks. Values have recovered roughly 3% over the past five weeks after seven prior weeks of declines totaling roughly 7%.

Read the full report here.

Read: National Auto Care Partners With Strategic DX to Offer Partners Enhanced Digital Engagement Opportunity

Topics:Black Book COVID-19 Showroom

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