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
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
Wholesale values are finally starting to simmer down but make no mistake, supply channels haven’t been restored and the market remains strong.
July 6, 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
All nine car segments reported gains last week, however, 0.8% is the lowest weekly gain the overall car segment has seen in 15-weeks.
June 8, 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
Car segment gains ticked up slightly this past week (+1.25%) compared to the week prior (+1.17%).
May 11, 2021
The market continues to increase, but the rate of weekly gains has slowed while still remaining at levels that would be record-setting by any historical comparisons.
April 20, 2021
This past week did not set another record, but the market is still experiencing week-over-week increases that are in record-breaking territory.
April 13, 2021
The March Retention Index broke another record, reaching 141 points.
April 5, 2021
The market experienced record-breaking price increases this past week, as the supply and demand imbalance continued to drive up wholesale prices.
March 30, 2021
February saw another record broken with the Index reaching 130 points for the first time.
March 3, 2021
February was another record-breaking month, with the Retention Index reaching 130 points for the first time. All segments saw an increase in the Index with Full-Size pickups leading the way – that segment stands 23% higher than it was in February of 2020.
March 2, 2021
With economic patterns driven by the pandemic, normal seasonal patterns in the wholesale market were not observed for most of the year. We saw a similar picture in 2009, at the end of the Great Recession.
February 23, 2021
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