
The Retention Index decreased to 189.4 points in July as consumer confidence remained at historic lows.
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Used Retail Prices are more accessible than in years past, due to the proliferation of ‘no-haggle pricing’ for used-vehicle retailing.
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The Estimated Average Weekly Sales Rate remains somewhat stagnant, around the 66% mark.
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The Estimated Average Weekly Sales Rate increased to 67%.
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The Retention Index increased again during June to 191.5 points, even as we saw weakening consumer demand.
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Used Retail Prices are more accessible than in years past, due to the proliferation of ‘no-haggle pricing’ for used-vehicle retailing, according to Black Book.
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For the first time since the week of April 18th, the overall market reported softening last week.
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Sporty Cars traditionally decline during this time of year, but the segment is still reporting increases with an average weekly increase of +0.24% over the last eleven weeks.
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Compact Cars continue to perform very well along with Sub-Compact Crossovers, but the gas-guzzling Full-Size SUV segments continue to experience the heaviest depreciation, as demand in the lanes wanes for these vehicles.
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Index reverses a 3-month slide and increases to 188.8 points in May 2022 as tight new inventory and record low incentives push used wholesale prices up across most segments.
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