I'm not crying, you're crying!

Another Week, Another Drop in Values

For the 15th week in a row, overall used car and truck values depreciated again at what Black Book called a "level of decline still exceeding what is typically experienced this time of year".

Leading the drop overall was the car segment, pushed by prestige luxury #cars that lost 1% of their value, or $449, the largest dollar amount adjusted this week.

And while the overall depreciation of #trucks and SUV, from a percentage standpoint, was less, the dollar amount adjusted was higher overall at $178, $35 more than cars.

Sale percentage was also down last week, dropping 1% to 55%, continuing the slide from the yearly high of 73% in May. Black Book thinks the drop had to do with #hurricaneian as "some #auction locations temporarily" closed.

Now, Picture This!

• Vehicle values are dropping.
• #Dealerships have standing inventory.
• Auction sales are slowing down.
• #interestrates are spiking... and you have less than 90 days to get your vehicles off your books by end of year.

Are you #bearish or #bullish? What is your strategy?

At Holman , our remarketing solutions provide fleets, financial organizations, and dealers multiple avenues to liquidate inventory based on what success looks like. Should there be a tight time frame, such as end of year, or you are bullish on the auction and want to leverage Holman's preferred vendors and lanes, you have the options to make the decisions that are best for your #business.

To learn more, take a look at Holman's Remarketing Solutions or send me an email at [email protected]

Thank you Jared Kalfus Alex Yurchenko Laura Wehunt Paul Machin

Richard Mullen Bobby Thorp