Despite an expected 8.5% year-over-year decline in August volume, Cox Automotive forecasts a 16.3 million SAAR, with full-size pickups outperforming several major crossover segments.
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Overall wholesale values last week were strong, indicating a possible early start to the spring sales season.
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Overall car segment values decreased 0.21% last week, compared to 0.13% the week before. Overall truck segment values decreased 0.18%, compared to 0.28% the week before.
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Retail sales have been trending downward in recent years and that trend is expected to continue as the industry’s supply of gently-used off-lease vehicles continues to grow.
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Overall car segment values declined 0.13% last week, compared to 0% the week before. Overall truck segment values decreased 0.28% last week, compared to 0.17% the week before.
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Wholesale values saw unusually low depreciation last week, according to Black Book’s Jan. 21 Market Insights report.
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Wholesale values as of the second week of the new year are holding stable, which is the inverse of the heavy depreciation that late 2019 saw.
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Black Book’s Used Vehicle Retention Index for December 2019 registered 113.3, representing a 0.7 point decline from the month before.
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Overall car segment values decreased 0.26% last week, compared to 0.68% the week before. Overall truck segment values decreased 0.44% last week, compared to 0.71% the week before.
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Overall car segment values decreased 0.68% last week, compared to 0.92% the week before. Overall truck segment values decreased 0.71% last week, compared to 0.85% the week before.
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The outlook for the 2020 used market is positive, at least according to three remarketers from three fleet management companies.
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