The COVID-19 pandemic continues to impact wholesale values for both cars and trucks, but sales rates have started to increase on the lanes, Black Book reported.
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Wholesale values continue to drop for both cars and trucks as the COVID-19 pandemic continues to impact the industry.
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Overall car segment values decreased 0.65% last week. Meanwhile, overall truck segment values decreased 0.73%% last week
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Overall car segment values increased 0.32% last week and overall truck segment values increased 0.20% last week.
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Vehicle values held steady last week, as various luxury segments continued to see positive movement in their week-to-week wholesale values.
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Companies such as Manheim and ADESA have invested time and money to bolster the digital side of their business to meet the demands of this growing field, and so have fleet management companies.
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Online remarketing has been a growing trend for the past few years and it promises to continue. As more remarketers are selling and buying wholesale vehicles online, some new trends have emerged.
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Overall car segment values decreased 0.11% last week, compared to a 0.04% gain the week before. Overall truck segment values decreased 0.03% last week, compared to 0.19% the week before.
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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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Carvana has launched next-day vehicle delivery to Hanford, Calif. residents.
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