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The estimated average weekly sales rate fell to 53% last week, the latest report shows.
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All segments experienced big decreases. Premium sporty car continued to defy the trend with typical seasonal patterns.
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Higher wholesale depreciation than is typical for the season returned in many segments last week.
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The truck submarket fell the most and more than the week before, all 13 segments declining.
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Market remained stable for the month, despite United Auto Workers strike.
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Market depreciation last week was below seasonal patterns, and one truck segment actually rose.
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The wholesale vehicle market hummed last week as values fell in line with the season, contrasting with the period before the Detroit strikes.
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Wholesale floor prices rose last week, and auction business slackened as ongoing Detroit strikes brought buyer restraint.
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Mixed messages come with market upheaval from the United Auto Workers strike. The strike's duration will determine used car pricing impacts.
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All car and truck segments declined last week. Market watchers are waiting to see if and how the United Auto Workers strike could affect wholesale prices, but it was too early to tell.
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