10/8/2024 Weekly Market Updates

10/8/2024 Market Update

Here is a quick recap of industry related headlines over the last week:

• Last week saw accelerated depreciation and increased market uncertainty, stemming from unclear factors like the duration of the dock workers' strike and speculation about the extent of vehicle flooding caused by Hurricane Helene.
• Floor prices rose at many auction locations, leading to more no-sales. The auction conversion rate was 56%, same as last week.
• Although the dock workers' strike has concluded with a tentative agreement, the full impact of flooded vehicles in the Southeast is yet to be determined.

Read this week’s report to find out more