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BlackBook

4/20/2021 Weekly Market Updates

Email sent: Apr 20, 2021 11:29am
Black Book's most recent Market Updates

Issue 314 | 4.20.2021

4/20/2021 Market Update

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

  • The market continues to increase, but the rate of weekly gains has slowed while still remaining at levels that would be record-setting by any historical comparisons.
  • Volume and quality of available units in the wholesale marketplace continue to be a challenge for buyers.
  • Condition of units is trending toward the “edgier” side with damage, dash lights illuminated, and/or vehicles running on red and yellow lights. There is also a noticeable increase in the number of vehicles being offered for sale with open recalls.
  • Remarketers are expecting their shortage of available units to last well into the Summer. Reduced rental returns to the market and lack of substantial volume of repossessions continue to have the largest impact on the wholesale supply levels.

Read this week’s report to find out more

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