6/18/2024 Weekly Market Updates

6/18/2024 Market Update

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

• The market continued to decline last week, but the rate of depreciation slowed, registering a drop of -0.55% compared to the previous week’s -0.71%.
• Despite the reduced depreciation, the current rate of decline exceeds pre-pandemic norms for this time of year of -0.27%.
• On a volume-weighted basis, the overall Car segment decreased -0.58%. For reference, in the previous week, cars decreased -0.34%.
• Average auction sales rate this week was 56%, up 1% from the previous week.
• The Used Retail Days-to-Turn estimate is now sitting around 42 days.

Read this week’s report to find out more