COVID-19 Market Update from Black Book

BLACK BOOK – Black Book recently published an update to their COVID-19 Market Updates, which includes:

• Current Wholesale Prices & Price Trends, including Auction Volume & Insights and Sales Rates
• Used Wholesale Price Trends & Projections, including a Small Pickups Segment Highlight (Historical Trends of the Segment) 
• A Look at the Retail Vertical, including Retail Prices & Dealer Insights
• New Vehicle Sales Outlook, including Forecasted Economic Scenarios
• Used Vehicle Supply Projections, including Lease & Rental Unit Returns

Of note, the small pickup segment rebounded at a much faster pace than other segments as the lower price point made for a “good buy” at the auctions as consumer demand resumed due to loosening of restrictions. Wholesale values have increased for five consecutive weeks and at a higher percentage rate than the overall truck segment average over the past three weeks. Values have recovered roughly 3% over the past five weeks after seven prior weeks of declines totaling roughly 7%.

Read the full report here.

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Originally posted on F&I and Showroom