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9/21/2021 Weekly Market Updates

Email sent: Sep 21, 2021 11:46am
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Issue 336 | 9.21.2021

9/21/2021 Market Update

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

  • Traditionally, as we move past Labor Day, values begin to decline, with the largest portion of the yearly depreciation typically occurring in the fourth quarter. However, that is not the case this year, we’ve now had four consecutive weeks of overall market increases in wholesale values. 
  • On a volume-weighted basis, the overall Car segment increased +0.43%. For reference, the previous week, cars increased by +0.31%.
  • The volume-weighted, overall Truck segment increased +0.36%, compared to last week’s increase of +0.09%. 
  • Days-to-turn for used retail listings have been increasing, as retail demand softened over the last few weeks. The days-to-turn now sits just above 34 days, which is still lower than what is typically expected in a normal year. 
  • Newer used units are seeing considerable strength as they provide dealers with new car substitutes for their customers. The overall wholesale market for 2-8-year-old vehicles increased by +0.38% last week, but 0-2-year-old increased +0.51%. 

Read this week’s report to find out more

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