Traditionally, as we move past Labor Day, values begin to decline, with the largest portion of the yearly depreciation typically occurring in the fourth quarter. However, that is not the case this year, we’ve now had four consecutive weeks of overall market increases in wholesale values.
September 21, 2021
The seasonally adjusted Retention Index increased to 165.7 points, barely missing another record.
September 7, 2021
The overall market continued to decline this past week, but the rate of depreciation lessened, and some segments reported positive pricing movement.
August 24, 2021
Despite the limited inventory on dealer lots, dealer lanes continue to have higher volume at auction, while manufacturers’ remarketing lanes are offering less and less in open sales channels.
August 10, 2021
Last month we noted that the record run of value increases we have seen over the past 18 months appeared to be slowing down and possibly ending.
August 5, 2021
As wholesale prices started to decline in July, the seasonally adjusted Retention Index reversed the trend for the first time this year and decrease to 161.8 points.
August 5, 2021
Appraisal service helps dealers acquire used car inventory direct from consumer driveways.
July 15, 2021
Wholesale values continue to decline after a monstrous 22-consecutive weeks of gains; however, sales conversion rates were also down last week. We anticipate that dealers will begin gradually and moderately reducing their floors.
July 13, 2021
The June Retention Index increased again, although at the slower rate, and broke yet another record, reaching 166.0 points.
July 9, 2021
Another week of gains for the exceptionally strong wholesale market; however, that pace has slowed tremendously.
June 29, 2021
It is now clear that like 2020, 2021 will also not have typical seasonality patterns as the market is going through a rapid increase in wholesale values.
May 25, 2021
New inventory is not expected to see improvement until the third quarter of this year, so values are expected to remain at elevated levels throughout the summer.
May 18, 2021
The Black Book April Retention Index broke yet another record, reaching 152.4 points.
May 6, 2021
Retail inventory levels, new and used, continue to be a challenge and the limited availability of quality vehicles in the wholesale market is also proving to be a challenge for buyers.
May 4, 2021
Inventory levels continue to be tight, both in the new and used retail markets, as well as the wholesale market, further fueling the price required to source used inventory.
April 27, 2021