Black Book: Weekly Market Update
Many vehicle segments experienced gains last week as conversions picked up. Meanwhile, the retail days to turn estimate stood at 39, analysts reported.
Many vehicle segments experienced gains last week as conversions picked up. Meanwhile, the retail days to turn estimate stood at 39, analysts reported.
Some automotive segments actually improved last week in a bright midwinter sign that could signal a healthy spring season.
Despite the week's softening conditions, the market analyst said demand for used vehicles showed in competitive bidding for newer units in better condition.
Some segments fared better than others last week, one in particular experiencing sharp value declines.
All car and truck segments continued to decline last week, according to the market watcher.
Two car segments bucked the value-decrease trend last week.
Depreciation has been trending above same-week averages before the pandemic.
All vehicle segments experienced value drops last week.
One vehicle segment declined faster than the others.
All automotive segments fell last week.