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
Days-to-turn for used retail listings have been increasing, as retail demand softened over the last few weeks.
September 14, 2021
On a volume-weighted basis, the overall Car segment increased +0.18%. For reference, the previous week cars increased by +0.06%.
September 8, 2021
The seasonally adjusted Retention Index increased to 165.7 points, barely missing another record.
September 7, 2021
The rate of depreciation has been slowing in recent weeks and this past week, the overall Car segment week-over-week change crossed back into positive territory, with six out of the nine Car segments reporting gains.
September 1, 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
Days-to-turn for used retail listings have been increasing, as retail demand softened over the last few weeks.
August 3, 2021
Used wholesale and retail prices are starting to stabilize in July (although at a remarkably high plateau), but new car sales are still on a rollercoaster as the chip shortage is finally showing up in the new sales numbers.
July 20, 2021
The June Retention Index increased again, although at the slower rate, and broke yet another record, reaching 166.0 points.
July 9, 2021
Wholesale prices remain strong, however there are signs of softening in the market this week, as prices of newer used vehicles seem to be hitting a ceiling.
June 22, 2021
The May Retention Index showed another increase and broke yet another record, reaching 159.6 points, a 7.1 point (or 4.7%) increase from April (152.4).
June 15, 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
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