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Tax Refund

Typical seasonal highs and lows were disrupted this year due to a run of natural disasters destroying hundreds of thousands of vehicles and causing a surge in replacement activity. Overall fleet depreciation improved this year.

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Southwest: Slow Start to Tax Season

The tax season had a late start in the southwest market. The boost in sales — which has been described as a steady increase as opposed to a spike this year — that auctions typically begin to see in February did not arrive until March.

Southeast: Tax Season Kicks In, Cars Bounce Back

Southeast-region auctions are seeing a seasonal increase in values driven by tax-return-driven buying at dealer lots, but say the spring bump isn't as pronounced in 2017 in part due to the delay by the IRS to issue returns in late February.

Small Car Segments Buck Seasonality Trend

Tax season momentum, particularly in the smaller car segments, has yet to pick up. According to data from "Black Book," a year-on-year comparison shows all the segments are down from the same time in 2015.

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