Black Book: Weekly Market Update
Three of the nine car segments ages 8 to 16 experienced increases last week.
Three of the nine car segments ages 8 to 16 experienced increases last week.
The latest wholesale market analysis unpacks post-holiday activity.
Year returned the wholesale market to normalcy.
Typically, the last week of the year is strong for retail sales, but this year with high interest rates and used vehicle prices on a steep downward decline so far this quarter, we will have to wait and see how the year finishes.
Wholesale price depreciation picked up last week in both the car and truck segments.
The estimated average weekly sales rate fell to 53% last week, the latest report shows.
All segments experienced big decreases. Premium sporty car continued to defy the trend with typical seasonal patterns.
Higher wholesale depreciation than is typical for the season returned in many segments last week.
The truck submarket fell the most and more than the week before, all 13 segments declining.
Market remained stable for the month, despite United Auto Workers strike.
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