Black Book: Weekly Market Insights
The Used Retail Days-to-Turn Estimate has continued to drop over the last few weeks and remains below 36 days.
May 4, 2022
The Used Retail Days-to-Turn Estimate has continued to drop over the last few weeks and remains below 36 days.
May 4, 2022
The seasonally adjusted Retention Index went down to 187.7 points in March 2022 as modified Spring arrives late.
April 6, 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
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
RM Sotheby’s had a great year, reporting auction sales of $406 million and private party sales of $150 million, for a grand total of over $550 million.
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
Cox Automotive's Manheim Used Vehicle Value Index rose 1.6% in December compared with November.
January 11, 2022
The seasonally adjusted Retention Index increased to 195.7 points.
January 5, 2022
2021 was a wild ride, but according to Black Book, the final two weeks of the year reported minimal declines in values after a year of record-breaking increases.
January 4, 2022
Winter and Christmas sales events make for a busy end of year for dealers, but the last two weeks of the year are traditionally slow for the auctions and that held true this year.
December 28, 2021
As calendar year 2021 comes to a close, wholesale prices continue to rise, and noticeable differences can be seen compared to prior calendar years.
December 21, 2021
The seasonally adjusted Retention Index increased to 189.9 points, reaching another record.
December 6, 2021
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