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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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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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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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Despite the week's softening conditions, the market analyst said demand for used vehicles showed in competitive bidding for newer units in better condition.
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Some segments fared better than others last week, one in particular experiencing sharp value declines.
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All car and truck segments continued to decline last week, according to the market watcher.
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Two car segments bucked the value-decrease trend last week.
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Analyst keeping particular tabs on electric units after a shopping spike sparked by expiring federal tax credits
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