8/13/2024 Weekly Market Updates

8/13/2024 Market Update

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

• The depreciation rate for August is starting higher than pre-pandemic norms, but the overall market is currently depreciating at a much lower rate than at the beginning of July.
• For instance, the week ending July 12th saw a depreciation rate of -0.60%, whereas last week the market reported -0.32%.
• On a volume-weighted basis, the overall Car segment decreased -0.30%. For reference, in the previous week, cars decreased -0.19%.

Read this week’s report to find out more