Macroeconomics playing large role in wholesale environment, vehicle prices
Tuesday, Nov. 21, 2023, 09:59 AM
Sarah Rubenoff, Correspondent
Canadian Black Book is seeing a pretty poor level of sales rate in the auctions right now, and they are monitoring this data daily and adjusting values on a weekly basis.
“But if nothing's converting to an actual transaction, nothing's moving out there, and that's causing the sellers to hopefully bring down their prices. But they're kind of fixated on not doing that,” said Daniel Ross, CBB's senior manager of industry insights and residual value, in an interview with Auto Remarketing Canada.