Wholesale used vehicle prices increased for the third consecutive month in June, and are now at their highest level in more than four years.
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This week’s Black Book Market Insights report shows how smaller and mid-size car segments are continuing to lead with some of the largest depreciation rates seen in a while. Sub-compacts in particular have demonstrated significant depreciation over the last four weeks at -2.87%.
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This week’s Black Book Market Insights report shows how the entire car and truck market showed broad declines this past week, with the exception of small pickups.
Read More →May depreciation accelerated as wholesale prices of used vehicles newer than eight years old fell by 2% when compared to April, but the numbers showed improvement over the 2.7% average decline captured in the month of May the last four years.
Read More →Wholesale used vehicle prices increased in May, suggesting dealers have continued to achieve efficiency gains that allow them to bid-up auction prices even as gross margins narrow.
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The traditional spring tax-season market appeared to wane in April, as average wholesale prices rose only modestly on both a sequential and annual basis.
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The used truck segment experienced a 0.05% increase in vehicle valuation from April 22 to April 29, according to Black Book's weekly Used Car Market Insights Report.
Read More →Overall, auction values for used 1- to 3-year-old vehicles declined 1.3%, or roughly $235, in the first quarter of 2016.
Read More →Cox Automotive has acquired a majority shareholding in Molicar, Brazil's vehicle valuations business.
Read More →Data from January to March has shown that wholesale pricing is down and sales are up for dealers, marking a good start for the used car industry so far in 2016.
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