8/6/2024 Weekly Market Updates

8/6/2024 Market Update

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

• The second half of 2024 is forecasted to remain stable.
• Following some volatility earlier this summer, possibly linked to the CDK outage, the market is now stabilizing, with depreciation returning to typical seasonal patterns.
• Auction attendance remains strong, and conversion rates are consistently solid, hovering in the high 50-percent range.

Read this week’s report to find out more