The market continues to show a clear preference for vehicles that are desirable and easier to retail, while less marketable units are requiring more aggressive pricing to attract buyers.
https://t.co/xQknFFXvIz
The wholesale market remained under pressure last week, but the pace of depreciation eased for Cars. Buyers continued to be selective, favoring vehicles with strong condition and retail appeal.
Full Market Insights below. https://t.co/zB6OcpJboi
The market saw continued buyer participation last week, with the auction conversion rate at 58%, while wholesale values continued to decline across both Cars and Trucks/SUVs.
Retail conditions also showed signs of softening.
https://t.co/p7xkON9E4s
#CarMarket#VehicleData
The market saw healthy buyer participation last week, with auction conversion improving to 57%, up one percentage point from the prior week. Buyers remained selective, with stronger demand for certain newer, premium, and performance vehicles.
Full report: https://t.co/N1fltYEgls
Wholesale values continued to soften last week, although the pace of depreciation improved slightly from the prior week. Clean, retail-ready inventory generated the strongest demand.
Full report: https://t.co/GdwVfyUt64
Last week, buyers became increasingly selective, continuing to reward clean, well-equipped, retail-ready inventory while applying greater discounts to higher-mileage vehicles, lower-content trims, and less desirable configurations.
https://t.co/R0AQ7zmSTw
Rising fuel prices, with gasoline above $4 per gallon and diesel above $6, are adding pressure to vehicle values. Seasonal declines continued at an elevated pace last week.
View the full report: https://t.co/h6P5FGY1o9
Pricing became increasingly dispersed last week as buyers concentrated their bidding on retail-ready inventory while discounting vehicles with average mileage, lower-content trims, or condition-related shortcomings.
View last week's report: https://t.co/4XSYuzNEPp
Wholesale values softened following the Labor Day holiday, with Truck segments seeing the largest declines while Cars remained comparatively stable.
View last week's insights: https://t.co/2iIyc7c4TM
Amidst seasonal declines, auction conversion remains steady at 59%, the same as last week. But buyers continue to reward lower-mileage, premium-trim inventory.
View the full report for this week's insights: https://t.co/PUio5EIc6e
The convergence of Cars and Truck/SUV depreciation is reflecting broader pricing pressure across the wholesale market, as buyers remained selective despite steady auction conversion.
See the full report: https://t.co/qduwcPUhXg
Wholesale depreciation accelerated modestly last week, with the overall market declining -0.52%, more than double the 2017–2019 same-week average of -0.21%. Full Market Insights below. https://t.co/4zvS0vPxAH
Wholesale depreciation moderated last week, while auction conversion remained healthy at 57%.
Despite the slower pace of depreciation, a decline in conversion rates suggests buyers remain selective and disciplined in their bidding.
View the full report: https://t.co/l2FjNzV6M1
Market values just took a bigger hit than usual—and it's accelerating.
Last week saw a -0.57% decline, more than double the seasonal average.
Here's what you need to know: https://t.co/I6WQfXAaFZ
Wholesale depreciation accelerated last week, with the overall market declining -0.51% as Truck/SUV values fell -0.58% and Cars declined -0.29%. Market insights here. https://t.co/kvMMUvZU7X
Wholesale values continued to soften last week as seasonal depreciation accelerated, with Cars posting their largest single-week decline since late January. Market insights here. https://t.co/diiO2WanWw
The wholesale market remained stable but selective last week, as auction conversion rates declined to 58% from 62% the prior week. Market insights here. https://t.co/dWmbBF63MS
Wholesale market conditions remained stable this week, with auction conversion improving to 62%, up three percentage points from the prior week, signaling healthy buyer participation despite continued seasonal depreciation. Market insights here. https://t.co/U40TAT6FO5
On a volume-weighted basis, Car values declined -0.13%, while Trucks/SUVs fell -0.36%, as all thirteen Truck segments posted declines for the first time in twenty-one weeks, ending a prolonged stretch of broad-based strength. Market insights here. https://t.co/X3WqoUyTPl
Black Book’s Used Vehicle Retention Index Increased in May: https://t.co/iYBjWQ0jhR
“The spring market outperformed historical expectations this year, extending for roughly 15 weeks,” -Laura Wehunt, VP of Data & Analytics at Black Book.
#UsedVehicleMarket#VehicleRetentionIndex