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Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
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Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
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Automotive auction inventory increased last week, giving choosy bidders even more leeway.
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Wholesale automotive auction activity slowed noticeably last week, though business still remained healthy, analysts reported.
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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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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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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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Some automotive segments actually improved last week in a bright midwinter sign that could signal a healthy spring season.
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All vehicle segments experienced declines last week but at normal seasonal levels, according to the market watcher.
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