Related: Wholesale Values Drop Under COVID-19
Wholesale Values Continue to Slide
Wholesale values continue to drop for both cars and trucks as the COVID-19 pandemic continues to impact the industry.
April 24, 2020
Graphic: Black Book
1 min to read
Wholesale values continue to drop for both cars and trucks as the COVID-19 pandemic continues to impact the industry.
Overall car segment values decreased 1.40% last week, which is lower than the 0.65 segment value decreases from earlier in April, according to Black Book. Meanwhile, overall truck segment values decreased by 1.00%, lower than the 0.73% seen earlier in the month.
Graphic: Black Book
“Sales rates have shown a small improvement as some auctions have re-started their digital sales, but to the detriment of retention. This past week we saw values really begin to fall as the increasing supply and limited demand pushed values down,” said Laura Wehunt, Vice President, Automotive Valuations
Volume-weighted, the overall car segment values decrease represented the fourth week of large depreciations creating a four-week average of a 1.02% decline. Meanwhile, volume-weighted, the overall truck segment (including pickups, SUVs, and vans) values decreased by 1.00% last week. This is the largest week over week decline for trucks and SUVs since December 2019.
More Used Vehicle Values
When Should a Fleet Repair Vehicle Damage Before Remarketing?
Not every dent, scratch, or mechanical issue is worth fixing before selling a fleet vehicle. Learn how to weigh repair costs, resale value, market demand, and downtime to determine when reconditioning pays off and when selling as-is makes more sense.
Read More →
Wholesale Used-Vehicle Values Fall as Cox Automotive Cuts 2026 Forecast
Wholesale used-vehicle prices declined in September as depreciation accelerated, prompting Cox Automotive to lower its year-end forecast.
Read More →
Ford Pro Launches Certified Pre-Owned Program for Commercial Vehicles
Ford Pro Advantage will offer certified pre-owned Class 1-7 commercial vehicles through more than 700 Ford Pro Commercial Vehicle Centers.
Read More →
August New-Vehicle Sales Pace Forecast to Hold Above 16 Million
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.
Read More →
Trade Strategy Now Starts Long Before Turn-In
The strongest trade values aren't built at turn-in. Discover how maintenance, lifecycle planning, and shared risk protect truck resale value.
Read More →
What Happens When Residual Values Meet Real-World Markets
A truck's trade value isn't determined on turn-in day. Learn how market cycles, maintenance, and timing shape the gap between residuals and reality.
Read More →
Manheim Index Shows Used-Vehicle Wholesale Prices Up 2.1% in June
The market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
Read More →
Stop Remarketing Electric Vehicles Like Gas Cars
The advantages and attributes of electric vehicles are upending the traditional remarketing cycle, requiring fleet sellers to rely on new factors and approaches detailed below.
Read More →
Used Vehicle Prices Climb Higher As Sales Pace Slows
The higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
Read More →
Wholesale Used Vehicle Market Sustains Moderate Rise In Values, Prices
Trends continue to normalize after a strong start to the year, as consumers contend with higher gas prices in the coming summer months.
Read More →