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“It is expected that we will see more declines in the Index in the months ahead as we move deeper into the year, particularly driven by softness among car segments,” said Anil Goyal, senior vice president of Automotive Valuation and Analytics for Black Book.
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A new threat to used vehicle prices seems to be arising from increased new vehicle incentives, which have been relatively benign through this cycle of price softening.
Read More →A rising supply of used pickups coupled with aggressive pricing for new models is expected to cause a weakening in values in the wholesale market, according to new data from Black Book.
Read More →Wholesale prices for trucks were up 7.3% on a year-over-year basis while cars were down 1.3%, according to ADESA.
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Average whole values fell again on a month-over-month basis in July, but they remain up on a year-over-year basis mainly due to the price strength of truck and continued growth of younger, lower-mileage, higher-priced off-lease supply, according to ADESA.
Read More →Average wholesale values fell again on a month-over-month basis in June, but they remain up on a year-over-year basis mainly due to the price strength of trucks, according to ADESA.
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In May, average wholesale values fell relative to April, though they remain up on a year-over-year basis largely because of the price strength of trucks, according to ADESA.
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