Black Book

Wholesale Insights: https://lnkd.in/gcmbzfTK In the first week of September, the car segment continued to show a decline, mirroring the end of August. Conversely, the truck segment displayed positive movement across several of its sub-segments. This trend highlights a persistent downturn in the car market while the truck market gains traction. There is a noted trend of an increasing presence of 2024 model year vehicles in auction lanes. These vehicles are experiencing price declines, mainly due to the availability of new 2024 inventory at dealerships. The dealerships are selling these newer models with various incentives like dealer discounts, OEM rebates, and other promotions, leading to lower auction prices for the same models. The auction conversion rate last week’s rate was 59%, no change from the previous week. #WholesaleInsights #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry #MarketInsights #WholesaleMarket

View the Weekly Market Insights here: https://lnkd.in/gcmbzfTK #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry

Full Market Insights: https://lnkd.in/gcmbzfTK The market continues to deviate from seasonal norms, with another week of increasing wholesale values. Ten of the twenty-two vehicle segments tracked by Black Book reported value increases last week. Meanwhile, a majority of the luxury segments continue to decline. #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry

Used Vehicle Retention Index Increased in August: https://heyor.ca/dd2bJ3 “After four consecutive months of the Index declining, the market stabilized in August,” stated Laura Wehunt, VP of Analytics. “Three years after the market experienced a decrease in new vehicle supply due to production shutdowns, the industry is now witnessing the effects of lower used supply. This low supply is stabilizing the market despite unfavorable conditions such as rising incentive levels, high-interest rates, and increasing delinquency rates.” #UsedVehicleMarket #MarketStabilization #VehicleSupply #AutomotiveAnalytics #VehicleRetention

In August, the rate of decline in the overall car segments slowed. Although Compact and Mid-Size Cars showed some improvements during the month, they ultimately ended with declining values. The Truck segment faced declines in the first two weeks. However, beginning in the third week, 8 out of 13 showed positive movement. By the end of the month, 7 segments reported positive gains, leading to an overall positive movement for the Truck segment in August. The auction conversion rate last week’s rate was 59%, a decrease of 2% from the previous week. View the full Market Insights here: https://lnkd.in/gkuwHH8s

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The market continued to report stability last week, with a majority of the truck and crossover/SUV segments experiencing an increase in values, resulting in an overall market uptick of +0.01%. In contrast, the same week pre-COVID averaged a decline of -0.12%. This week's Market Insights: https://lnkd.in/gkuwHH8s

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Wholesale Insights: https://lnkd.in/eCCpU7J6 The truck market showed significant improvement last week, with over half of its segments experiencing positive gains. The car market, however, faced challenges, with only one segment recording an increase. Despite these struggles, the slowing depreciation in the car market points towards potential stabilization. Additionally, the auction conversion rate increased while inventory levels decreased during the same period. The auction conversion rate last week’s rate was 61%, an increase of 2% from the previous week. #WholesaleInsights #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry #MarketInsights #WholesaleMarket

View the Weekly Market Insights here: https://lnkd.in/eCCpU7J6 #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry