FI showroom red and grey logo
MenuMENU
SearchSEARCH

Weekly Market Insights Report

The declines are continuing to close out the second week of 2022 with majority of segments reporting drops in valuations.

January 18, 2022
Weekly Market Insights Report

The declines are continuing to close out the second week of 2022 with majority of segments reporting drops in valuations. 

4 min to read


BLACK BOOK – Wholesale Prices, Week Ending January 15th

The declines are continuing to close out the second week of 2022 with majority of segments reporting drops in valuations. The Van segments (Minivan, Compact, and Full-Size) continue to be the anomalies with values continuing to increase. Sales rates are improving compared to the end of 2021, but have not returned to pre-holiday levels.

Ad Loading...

                                         This Week       Last Week        2017-2019 Average (Same Week)

Car segments                      -0.19%            -0.20%                -0.60%

Truck & SUV segments      -0.11%           -0.13%                -0.50%

Market                                 -0.13%           -0.15%               -0.56%

Car Segments

Ad Loading...
  • On a volume-weighted basis, the overall Car segment decreased -0.19%. For reference, the previous week, cars decreased by -0.20%.

  • Eight of the nine Car segments declined last week. Sub-Compact Car reported a gain of +0.18%.

  • Premium Sporty Cars had the largest decline last week, at -0.35%.

  • Full-Size and Mid-Size Cars also had large decreases, -0.27% and -0.25%, respectively.

Truck / SUV Segments

  • The volume-weighted, overall Truck segment decreased -0.11%, compared to the prior week’s decrease of -0.13%.

  • Ten out of the thirteen Truck segments reported declines.

  • Compact Luxury and Mid-Size Luxury Crossovers had the largest declines last week, at -0.34% and -0.37%, respectively.

  • Full-Size Vans reported another week of gains, increasing +0.74%. This now marks the fiftieth increase in the last fifty-one weeks.

  • The other two van segments, Compact and Minivan, also reported increases of +0.94% and +0.08%, respectively.

Weekly Wholesale Index

Calendar year 2020 and 2021 ended with used wholesale prices at elevated levels. With economic patterns (including the automotive market) driven by the pandemic, normal seasonal patterns (e.g., 2019 calendar year) in the wholesale market were not observed for most of the year. We saw a similar picture in 2009, at the end of the Great Recession. Calendar year 2021 did not have typical seasonality patterns as the market has had rapid increases in wholesale values for the majority of the year, and the Wholesale Weekly Price Index reached the highest point of the year at the end of December, reporting at over 1.51 points. Now in calendar year 2022, the index has been reverted back to the 1.00 mark.

Ad Loading...

The graph below looks at trends in wholesale prices of 2-6-year-old vehicles, indexed to the first week of the year.

Retail (Used and New) Insights

  • Volkswagen’s all-electric van, the ID Buzz, finally has an official reveal date of March 9th. Unfortunately, we will have to wait until 18-to-24 months after the reveal to see them on sale.

  • The electric truck competition is hot, with Ford, GM, Rivian, and Tesla all bringing models to the market. We will have to wait a little longer for Tesla’s Cybertruck due to news that they will be delaying the start of production to the end of Q1 2023.

  • The chip shortage was the top automotive story of 2021, but has been quiet for 2022, so far. However, challenges are on the horizon with AutoForecast Solutions projecting global production to lose more than 800,000 units this year.

Used Retail Prices

With the proliferation of ‘no-haggle pricing’ for used-vehicle retailing, asking prices accurately measure trends in the retail space. Retail demand slowed down at the end of 2020, and thus resulted in declining retail asking prices for the last several weeks of the year. As demand rebounded, retail prices lagged slightly behind wholesale prices, but March had an accelerated growth in retail prices. In April and May, retail prices picked up speed as demand accelerated, fueled by stimulus payments, tax season, and shortages of new inventory. During the third quarter, retail prices continued to rise at a slower rate but soon picked up the pace once again to start the fourth quarter. In Q4, prices on retail listings steadily increased week after week. As 2021 came to an end, the retail listing price index closed 36% above where the year began. In the first several weeks of 2022 the retail listing prices remain relatively unchanged as market seems to be in wait-and-see mode.

Ad Loading...

This analysis is based on approximately two million vehicles listed for sale on U.S. dealer lots. The graph below looks at 2-6-year-old vehicles.

Inventory

Used Retail

Used retail listings started off calendar year 2022 similar to calendar year 2021, with further declining used retail listings. With some forecasted improvements on the semiconductor front, hopefully the listings will increase as we go into the spring market with more trade-ins and rental returns.

Days-to-turn for used retail listings slightly increased over the last few months of 2021. Now in 2022, days-to-turn sits just above 38 days.

Ad Loading...

Wholesale

  • Availability of inventory remains a challenge in the wholesale channel, particularly quality units. However, most sellers are holding firm to the floors with hopes that the new year will bring back the return of increasing prices that were experienced throughout the majority of 2021. So far, we are seeing week-over-week value changes that are more typical of traditional seasonality expectations.

  • The weekly estimated average sales rate continues to improve, but not by much due to sellers holding firm on floors and scarce availability of quality units in the wholesale channel.

More Auto Finance

Woman's hands holding an wallet empty of cash
Auto Financeby Hannah MitchellJuly 1, 2026

Automotive Consumers Sink Further in Debt

Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.

Read More →
Three men smiling for headshots
Auto Financeby Lauren LawrenceJuly 1, 2026

Porsche Financial Services Shifts Structure

After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.

Read More →
$100 bill and magnifying glass on top of paper that says insurance policy terms and conditions.
F&Iby Lauren LawrenceJune 29, 2026

Tariffs Could Raise Insurance Premiums

As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.

Read More →
Ad Loading...
Red toy car sitting on top of coins.
Auto Financeby Lauren LawrenceJune 24, 2026

Smaller Loans, Longer Terms

The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.

Read More →
Photo of man holding a car key
Auto Financeby Hannah MitchellJune 17, 2026

New Cars a Tad More Affordable

May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.

Read More →
Photo of a white toy car next to piles of coins
Auto Financeby Hannah MitchellJune 8, 2026

First-Quarter Sees Long Auto Loan Growth

Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.

Read More →
Ad Loading...
Assurant, Mastering Credit Friction, Sales Series, Expert Trainer Josh Krach
Auto FinanceMay 29, 2026

Mastering Credit Friction

In this video, Josh Krach explains how to turn credit friction into an advantage.

Read More →
Couple talking with auto salesman next to new car inside dealership
Auto Financeby Hannah MitchellMay 20, 2026

April Less Affordable

Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.

Read More →
Photo of a loan contract on a desk
Auto Financeby Hannah MitchellMay 13, 2026

Auto Lenders, Consumers on a Tightrope

April borrowing data shows that more consumers are bending over backward to buy vehicles, though subprime lending cooled off for the month.

Read More →
Ad Loading...
black background with orange text saying Alec Hagey Toyota Financial Services President and CEO effective April 6 with picture of Alec Hagey
Auto Financeby Lauren LawrenceApril 6, 2026

Toyota Financial Services President Replaced

Scott Cooke has served in various roles with Toyota Financial Services for over 20 years, including president and CEO, which he retires from on June 30.

Read More →