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Wholesale values fell last week despite the spring season still being in the traditional full-gear mode, analysts said.
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Last week in the wholesale automotive market proved to be a mixed bag, analysts reported.
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Conversion rates were flat last week at 63%, Black Book analysts calculated, as low-mileage and almost-near units outpaced the overall market.
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The full-size pickup segment, which has been dominant in the U.S., ended 11 consecutive weeks of gains with a slight dip last week.
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Wholesale auto conversion rates dropped slightly as auction buyers proved picky last week, analysts observed.
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The selection committee is set to accept nominations for future F&I Hall of Fame members following the induction of the Class of 2026 at last week’s Agent Summit.
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Last week's wholesale automotive auction activity continued in a healthy mode, though buyers practiced selectivity.
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Last week's wholesale auction activity was stable, though buyers exercised selectivity as they focused on certain segments.
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Both conversions and values were up last week, though business was spotty depending on the segment in question.
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Both vehicle values and conversion rates sped up last week as two segments outperformed in the pre-spring burst of buying.
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