6/11/2024 Weekly Market Updates

6/11/2024 Market Update

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

• Last week saw an accelerated depreciation rate across all segments, representing the most substantial decline since mid-December 2023.
• Notably, the Midsize Car and Mid-size Crossover/SUV segments experienced the largest declines.
• On a volume-weighted basis, the overall Car segment decreased -0.76%. For reference, in the previous week, cars decreased -0.34%
• Average auction sales rate this week was 55%, up 2% from the previous week.
• The Used Retail Days-to-Turn estimate is now sitting around 40 days.

Read this week’s report to find out more