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Wholesale auto conversion rates dropped slightly as auction buyers proved picky last week, analysts observed.
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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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Conversions picked up last week at wholesale vehicle auctions, according to the market observer, as the spring shopping season appeared to begin.
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The overall car segment was essentially flat last week, though one slice of it led all segments' wholesale value increases, Black Book analysts reported. Meanwhile, minivans were also hot.
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Many vehicle segments experienced gains last week as conversions picked up. Meanwhile, the retail days to turn estimate stood at 39, analysts reported.
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A sizable number of 0- to 2-year-old vehicle segments' values experienced an upswing last week, along with two 2- to 8-year-old segments.
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Some automotive segments actually improved last week in a bright midwinter sign that could signal a healthy spring season.
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