For the first time since the week of April 18th, the overall market reported softening last week.
Sporty Cars traditionally decline during this time of year, but the segment is still reporting increases with an average weekly increase of +0.24% over the last eleven weeks.
Index reverses a 3-month slide and increases to 188.8 points in May 2022 as tight new inventory and record low incentives push used wholesale prices up across most segments.
The overall market continued to see positive movement last week, but some of the segments that have been catching our eye in recent weeks for their pricing movements are now doing so for different reasons.
The Estimated Average Weekly Sales Rate has dropped down to 71% after several weeks of increases.
Notable recent auction sales include a 2017 Ferrari LaFerrari Aperta.
The Estimated Average Weekly Sales Rate continues to increase and now is at 72%.
The seasonally adjusted Retention Index went down to 185.4 points in April 2022 as high gas prices strengthen some segments and weaken others.
The Used Retail Days-to-Turn Estimate has continued to drop over the last few weeks and remains below 36 days.
Higher gas prices are affecting the demand for trucks and SUVs – almost all the non-luxury crossover / SUV and pickup segments of all ages are depreciating at an accelerating rate, while non-luxury car segments are appreciating.
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