Black Book: Weekly Market Update
Wholesale price depreciation picked up last week in both the car and truck segments.
Wholesale price depreciation picked up last week in both the car and truck segments.
The estimated average weekly sales rate fell to 53% last week, the latest report shows.
All segments experienced big decreases. Premium sporty car continued to defy the trend with typical seasonal patterns.
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Higher wholesale depreciation than is typical for the season returned in many segments last week.
The truck submarket fell the most and more than the week before, all 13 segments declining.
Market remained stable for the month, despite United Auto Workers strike.
Market depreciation last week was below seasonal patterns, and one truck segment actually rose.
The wholesale vehicle market hummed last week as values fell in line with the season, contrasting with the period before the Detroit strikes.
Wholesale floor prices rose last week, and auction business slackened as ongoing Detroit strikes brought buyer restraint.
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