Those of us who work in or adjacent to the used-car business have likely been asked some form of this question numerous times by our friends and family outside the industry:
“When are used-car prices going to come down?”
Well, finally, it seems there might be …
For just the second time this year, Black Book reported the estimated average weekly sales rate dropped to 60%.
Last week’s reading matched the low point of the year that analysts also spotted during the week that actually closed on …
Well, Black Book spotted out a way to get the estimated average weekly sales rate down to near the lowest level seen in almost six months.
Just have the wholesale market post four consecutive weeks of price declines averaging greater than
Black Book’s wholesale market experts aren’t the only ones seeing prices declining at a notable pace.
Cox Automotive also reported this week that wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 3.6% from July during the first 15 days of August.
Experts said that movement pushed the Manheim Used Vehicle Value Index down to …
For the third week in a row, Black Book reported that wholesale values decreased by at least 0.85%, prompting analysts to say those price declines are “far exceeding the levels that are expected for this time of year.”
According to its newest installment of Market Insights released on Wednesday, Black Book indicated that wholesale values softened by …
Black Book chief data science officer Alex Yurchenko previously predicted, “We expect the wholesale prices to accelerate their declines in August as consumers are staying away from large purchases.”
Black Book’s newest weekly data reinforced Yurchenko’s expectations, since wholesale values dropped another …
While still up a double-digit percentage from a year ago, wholesale prices in July softened ever so slightly from June, marking the second straight month-over-month decrease.
And there could be some moderation — even a reversal — in the year-over-year price differences as the second half of the year continues, according to Cox Automotive.
The Manheim Used Vehicle Value Index for the month came in at …
Compared to previous years, wholesale vehicle values remained unusually high in July.
But it’s what’s happening with consumer confidence — which continues at “historic lows” — and the impact to used-car demand that …
He’s back, folks.
Tom Kontos has released his first industry commentary since the closing of KAR Global’s sale of its U.S. ADESA auction business to Carvana.
The longtime auto analyst, who is now the chief economist at ADESA Auctions, shared his thoughts on …
The wholesale value feast consignors have been enjoying for some time might finally be finishing.
Black Book spotted a wholesale price decline last week not seen in a year, as analysts said that overall values softened by 0.86%. That’s nearly double the
