Skip to main content
Home
Subscribe
  • MEDIA KIT
  • CONFERENCES
    • AR CANADA
    • AUTO INTEL SUMMIT
    • USED CAR WEEK
    • WOMEN & AUTOMOTIVE
  • AUTO REMARKETING
    • Home
    • RETAIL
    • WHOLESALE
    • TECHNOLOGY
    • Financial
    • ANALYSIS
    • MAGAZINE
    • Contact
  • AR CANADA
    • Home
    • Subscribe
    • Conference
    • Magazine
    • Contact
  • SUBPRIME NEWS
    • Home
    • Subscribe
    • Lender List
    • Conference
    • Magazine
    • Contact
  • BHPH REPORT
    • Home
    • Subscribe
    • Conference
    • Magazine
    • Contact
  • AUTO FIN JOURNAL
The News Media of the Pre-Owned Industry
View the Latest Edition
Subscribe
  • CONTACT
  • MAGAZINE
  • ANALYSIS
  • FINANCIAL
  • TECHNOLOGY
  • WHOLESALE
  • RETAIL
Continue to AutoRemarketing.com now


You will be automatically redirected to AutoRemarketing.com in 5 seconds

Typical October wholesale price movements take hold

Wednesday, Oct. 24, 2018, 12:52 PM
By Auto Remarketing Staff
LAWRENCEVILLE, Ga. - 

Normal things you see in October are here: Children excited about Halloween around the corner, homecoming football games and leaves turning into a brilliant array of colors.

And along with those things, even more good news for dealers: Wholesale prices are behaving typical for October, according to the latest edition of Market Insights from Black Book.

“Used-vehicle values are finally experiencing normal depreciation trends for this time of the year, after being unusually strong since spring,” said Anil Goyal, executive vice president of operations for Black Book.

Volume-weighted, editors indicated that overall car segment values decreased by 0.44 percent last week. In comparison, Black Book noted the market values for cars had decreased by only 0.30 percent on average during the prior four-week period.

Within cars, Black Book found that the near-luxury car segment experienced the biggest drop, sliding by 0.81 percent or $126.

Again volume-weighted, editors determined overall truck segment values (including pickups, SUVs and vans) softened by 0.39 percent last week. In comparison, Black Book pointed out the market values had dipped by 0.17 percent on average during the previous four-week stretch.

In the truck space, Black Book said the midsize crossover/SUV segment performed the worst, dropping by 0.57 percent or $88.

Turning next to what Black Book representatives at sales nationwide observed, the opening anecdote mimicked how happy a child might be for getting extra candy at Halloween.

“A buyer for a new-car store was elated that he can finally acquire vehicles at lower prices at the auction,” Black Book’s lane watcher in Illinois reported.

Check out the other four observations Black Book shared to see how they compare to what you’re experiencing:

— From Michigan: “The only vehicles still pulling the strong money are trucks and all-wheel-drive SUVs.”

— From California: “No-sales have been incrementally higher each week for the past few sales.”

— From Georgia: “The conversion rates were good. In fact, most of the vehicles that didn’t sell seemed to have unrealistic floors.”

— From Tennessee: “The consignment was down and there were a lot of no-sales, producing just an OK sale.”

Tags: 
Auctions
Used-Car Prices
  • Printer-friendly versionPrinter-friendly version

Today's top headlines

Mobile visitor trend continues upward for auto sites
Used over new? That could mean big savings for these vehicles
ANALYSIS: Used-car residual values review and forecast for 2019
Dealers, experts at NADA speak about used-car fundamentals for 2019
Kontos highlights January commercial consignor performance
TrueCar buys 20% stake in Accu-Trade
Subaru, Land Rover earn top recognition for residual value
CarGurus elevates Zales to president and COO, Lomeli to CTO
Best practices from top-selling CPO dealers

Copyright © 1990-2017 Cherokee Media Group
All rights reserved. Privacy Policy

X

READ THIS NEXT

PODCAST: ADESA president John Hammer

GET OUR FREE NEWSLETTERS!

Subscribe