11/2/2021 Weekly Market Updates

Email sent: Nov 2, 2021 11:44am
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Issue 342 | 11.2.2021

11/2/2021 Market Update

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

  • The trend of increasing values continued for a ninth consecutive week, with all segments reporting gains this past week.
    • The fourth quarter is traditionally when the market experiences most of the yearly depreciation, but after just one month in the quarter, values are reporting appreciation of more than 3.0%.
  • On a volume-weighted basis, the overall Car segment increased +0.67%. For reference, the previous week, cars increased by +0.87%.
  • The volume-weighted, overall Truck segment increased +0.66%, compared to the previous week’s increase of +0.50%.
  • In the last four weeks, used inventory stopped declining and stabilized at around 16% below where we started the year.
  • Days-to-turn for used retail listings decreased over the last month, after a few weeks of slight increases. The days-to-turn now sits just above 36 days, which is lower than what is typically expected in a normal year.

Read this week’s report to find out more

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