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11/9/2021 Weekly Market Updates

Email sent: Nov 9, 2021 2:14pm
Black Book's most recent Market Updates

Issue 343 | 11.9.2021

11/9/2021 Market Update

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

  • The trend of increasing values continued for a n
  • ime that traditionally experiences large week-over-week declines.
  • Limited inventory continues to be the driver of the market strength, particularly on vehicles that are desired by rental companies.
  • The larger independent dealers are no longer the ones fueling the price increases, but instead it is the rental companies that need used vehicles to supplement their inability to get new inventory for their fleets.
  • On a volume-weighted basis, the overall Car segment increased +0.83%. For reference, the previous week, cars increased by +0.67%.

Read this week’s report to find out more

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