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
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 →
Used EV Sales Grow In April
While EV sales declined, used EV sales grew, as tighter inventory and rising prices reflected a more normalized pace for the EV market.
Read More →
Wholesale Used Vehicle Prices Slightly Up In April
The Iranian conflict and rising gas prices inject much uncertainty into the future wholesale used vehicle markets, as higher gas prices soak up spendable income from vehicle buyers.
Read More →
CAR 2026 Recap Part 2: Closing the Gap Between Data & Remarketing Value
The second half of CAR 2026 examined how fleets can translate lifecycle strategy, vehicle data, and market shifts into higher real-world results.
Read More →
CAR2026 in Two Words: Velocity, Value (Part 1)
The 2026 Conference of Automotive Remarketing convened with a mandate to involve a new constituency — fleet managers — and an updated mission to demonstrate unrealized value in de-fleeted vehicles.
Read More →
March Used Vehicle Inventory Falls To Lowest Since 2019
Franchised and independent dealers had a total of 1.95 million used vehicles in stock in March, the lowest on record in the current data set.
Read More →