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Black Book: Weekly Market Update
Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
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SEARCHMENUSEARCHUsed-vehicle market depreciation was the prevailing story in the wholesale market last week.
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The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.
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Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.
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Automotive auction inventory increased last week, giving choosy bidders even more leeway.
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As automakers have pulled back on EV production in the U.S., the number of vehicles on Cars.com’s American-Made Index has declined, though hybrids remain popular.
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U.S. consumers have increasingly favored achromatic shades for their vehicles, though the trend seems to have plateaued, new research shows.
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Wholesale automotive auction activity slowed noticeably last week, though business still remained healthy, analysts reported.
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The state known for its pickups penchant threatens to overtake the traditional center of U.S. car culture as it grows sales of new vehicles and pays more for them.
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A new study shows that conventional hybrids are the most heavily driven vehicles on the road, while plug-in hybrids are the least-driven power train.
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Last week's wholesale vehicle auction activity reflected seasonal patterns as buyers stayed choosy about selections, analysts reported.
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Flat ATPs and asking prices clocked in below long-term averages for the month, though some segments saw significant price gains, reported Cox Automotive.
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