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Ten of the 13 truck segments reported decreases last week.
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Auction conversion rates remained stable; the overall market continues to trend into negative territory, which leaves us wondering if there will be any room for an increase before the Memorial Day holiday.
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The Estimated Average Weekly Sales Rate dropped to 49% last week.
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The general mood from those we’ve talked to continues to be that we will have a few more months of strength, but what we have been observing in a variety of auctions leads us to believe that this may not be the case.
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The Used Retail Active Listing Volume Index reverted back to one at the start of the year and now sits at 0.95 points.
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Eleven of the 13 truck segments reported increases last week.
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The used retail active listing volume index reverted back to one at the start of 2023. Currently, the index sits at 0.95 points.
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The market continues to outperform what's traditionally seen this time of year, with the weekly rate of gain taking us back to 2021.
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The market continued to experience growth last week, with gains far exceeding what is typically seen this time of year.
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Used-retail active listing volume index index sits at 0.99 points.
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