5/14/2024 Weekly Market Updates

5/14/2024 Market Update

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

• The current market is being described as stable, flat, and unchanging, as we observe a slow and consistent dip after what looks to be the end of the Spring market period.
• The market segment for 2-to-8-year-old Cars remained unchanged, whereas both the newer used vehicles and the oldest model years saw slight increases, rising by +0.03% and +0.10%, respectively.
• Conversely, the Truck market, across all age categories, experienced slow declines.
• The Used Retail Days-to-Turn estimate is now sitting around 41 days.
• Average action sales rate remained stable last week at 57%.

Read this week’s report to find out more