Black Book: Weekly Market Report
As we moved into March, the Wholesale Weekly Price Index continued to decline and is now just below the 2019 trend line, around 0.97.
April 5, 2022
As we moved into March, the Wholesale Weekly Price Index continued to decline and is now just below the 2019 trend line, around 0.97.
April 5, 2022
While there are new stories of supply chain disruptions popping up daily, it is evident that some new inventory is hitting franchise dealers’ lots as more off-lease vehicles make their way to the auction lanes.
March 29, 2022
Franchise dealers have started noticeably competing against large independent dealers for desirable units, but rental partners have really shown their dominance in many lanes, especially for cleaner, low-mileage vehicles.
March 22, 2022
Overall market declines continued last week, but the rate of declined lessened.
March 15, 2022
Declines in wholesale prices continued last week, despite an improvement in conversion rates.
March 8, 2022
Seasonally adjusted Retention Index down to 193.0 points in February of 2022 as questions about the strength of the upcoming Spring market remain.
March 3, 2022
Wholesale market declines continued last week, but the pace is starting to slow down.
March 1, 2022
The Estimated Average Weekly Sales Rate has dropped to 61% this week, after a few weeks at 62%. This is not surprising as wholesale buyers try to anticipate consumer sentiment and wholesale seller behavior.
February 22, 2022
The rate of week-over-week declines has accelerated, exceeding the typical seasonal expectations for this time of year.
February 15, 2022
The Mid-Size Car segment had the largest decline last week, at -0.76%, compared with the prior week’s decline of -0.64%, marking the third consecutive week the segment has reported the largest segment decline.
February 8, 2022
The seasonally adjusted Retention Index moved up by 0.6% – the lowest rate of increase since July – reaching 197.0 points during the first month of 2022.
February 2, 2022
Used Retail Prices are more accessible than in years past, due to the proliferation of ‘no-haggle pricing’ for used-vehicle retailing.
February 1, 2022
Weekly declines continued last week, but the rate of decline is still less than is typically experienced this time of year. Sellers are holding firm to floors, and we have yet to see conversion rates return to pre-holiday levels.
January 25, 2022
The declines are continuing to close out the second week of 2022 with majority of segments reporting drops in valuations.
January 18, 2022
The year is starting off with declines in many segments, but it remains to be seen if we reached the peak of increases before the holidays or if we will return to increasing values as the market prepares for spring.
January 11, 2022
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