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The Estimated Average Weekly Sales Rate remains somewhat stagnant, around the 66% mark.
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The Estimated Average Weekly Sales Rate increased to 67%.
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The Retention Index increased again during June to 191.5 points, even as we saw weakening consumer demand.
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Used Retail Prices are more accessible than in years past, due to the proliferation of ‘no-haggle pricing’ for used-vehicle retailing, according to Black Book.
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For the first time since the week of April 18th, the overall market reported softening last week.
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Sporty Cars traditionally decline during this time of year, but the segment is still reporting increases with an average weekly increase of +0.24% over the last eleven weeks.
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The Vintage Muscle Car segment represents high performance cars from American Motors, Ford, Chevrolet, Pontiac, Buick, Oldsmobile, Dodge, and Plymouth produced from the mid-1960s through the early 1970s.
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Index reverses a 3-month slide and increases to 188.8 points in May 2022 as tight new inventory and record low incentives push used wholesale prices up across most segments.
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The overall market continued to see positive movement last week, but some of the segments that have been catching our eye in recent weeks for their pricing movements are now doing so for different reasons.
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The Estimated Average Weekly Sales Rate has dropped down to 71% after several weeks of increases.
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