Black Book: Weekly Market Report
For the first time since the week of April 18th, the overall market reported softening last week.
June 28, 2022
For the first time since the week of April 18th, the overall market reported softening last week.
June 28, 2022
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.
June 22, 2022
The Estimated Average Weekly Sales Rate has dropped down to 71% after several weeks of increases.
June 1, 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
Higher gas prices are affecting the demand for trucks and SUVs – almost all the non-luxury crossover / SUV and pickup segments of all ages are depreciating at an accelerating rate, while non-luxury car segments are appreciating.
April 19, 2022
The seasonally adjusted Retention Index went down to 187.7 points in March 2022 as modified Spring arrives late.
April 6, 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
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
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