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7/09/2024 Weekly Market Updates

Black Book's most recent Market Updates


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7/09/2024 Market Update

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

  • June's depreciation trend continued into July, with the overall market declining by -0.47%, consistent with the previous week's decline of - 0.51%.
  • Last week, the auctions at the end of the week were slower than normal due the July 4th holiday, but the overall average conversion rate continues to be in the high 50-percent range.
  • On a volume-weighted basis, the overall Car segment decreased -0.62%. For reference, in the previous week, cars decreased -0.53%.
  • Despite the persistent market decline in Car and Truck segments, the auction conversion rate increased to 58%, which is a 1% rise from the previous week.
  • The estimated Used Retail Days-to-Turn is rising and is now at 48 days.

Read this week’s report to find out more

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