Black Book and Fitch Ratings just unveiled their latest joint depreciation report, taking an in-depth look at car and truck segment depreciation trends in 2021, as well as our outlook and forecast for depreciation in 2022.
Powersports values are declining across the board with one exception as we head into the fall.
The wholesale market continued its decline last week, with the rate of decline remaining consistent with the past seven weeks.
The Retention Index continues to decline in August, finishing the month at 184.0 points as consumer demand for used vehicles weakened.
The Estimated Average Weekly Sales Rate continued its descent, hitting 58% last week. The Estimated Average Weekly Sales Rate hasn’t been below 60% since February of 2021.
The market saw continued declines last week, with the overall rate of depreciation being consistent with what we have experienced over the last five weeks.
The Estimated Average Weekly Sales Rate dropped to 60% last week.
Lower consumer demand has impacted buyer behavior at auctions around the country, but this past week, sellers began to hold firm on floors and the sales rate reflected this change in behavior.
The Estimated Average Weekly Sales Rate remains at 65%.
On a volume-weighted basis, the overall Car segment decreased -0.92%. For reference, the previous week, cars decreased by -0.91%.
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