8/27/2024 Weekly Market Updates

8/27/2024 Market Update

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

• As we approach the last week of August and the Labor Day holiday, the market shifted, with the overall Truck market seeing an increase in values last week, and Car depreciation slowing to a typical seasonal decline for this time of year.
• On a volume-weighted basis, the overall Car segment decreased -0.14%. For reference, in the previous week, cars decreased -0.29%.
• The estimated Used Retail Days-to-Turn is now at roughly 44 days.
• The auction conversion rate last week’s rate was 61%, an increase of 2% from the previous week.

Read this week’s report to find out more