As calendar year 2021 comes to a close, wholesale prices continue to rise, and noticeable differences can be seen compared to prior calendar years.
The J.D. Power Valuation Services Used Vehicle Price Index reached an all-time high in November.
The Wholesale Weekly Price Index reached the highest point of the year last week once again, this time reporting over 1.51 points.
As we head into the last month of the year, used retail listings have stabilized around 16% below where we started the year.
The seasonally adjusted Retention Index increased to 189.9 points, reaching another record.
Days-to-turn for used retail listings have slightly increased and now sits just above 38 days, which is still lower than what is typically expected.
Values aren’t showing any signs of slowing down, with most expecting this strength to last through the traditional Spring selling season.
Calendar year 2021 has not had typical seasonality patterns as the market has had rapid increases in wholesale values for the majority of the year.
We have now had ten consecutive weeks of wholesale value increases, during a time that traditionally experiences large week-over-week declines.
For the second time in as many months, one of the major RV market segments has declined in value, but this time it was the towables, which fell for the first time in almost a year, while motorhomes reversed course and increased, coming in at their second highest value ever.
