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Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full report.
In this week’s report, the Black Book editorial team reports on data trends straight from the auction lanes that may be showing signs of a tired tax season. Comments from the lanes and data show that used vehicle inventories have been replenished, and remarketers are seeing signs of a buyer slowdown across many car segments in particular.
Car segments overall were relatively unchanged from the previous week, with strength coming from the Compact Cars (+0.17%), Full-Size Cars (+0.14%), and Entry Mid-Size Cars (+0.12%). Trucks overall fared a little better at +0.31%, led by Compact SUVs (+1.17%) and Mid-Size SUVs (+0.65%).
“The wholesale market remains strong, especially for trucks; however, buyers are starting to show resistance as more no-sales are being reported all across the country,” said Anil Goyal, Vice President of Automotive Valuation and Analytics.