9/24/2024 Weekly Market Updates

9/24/2024 Market Update

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

• After four weeks of stability, the market shifted towards typical seasonal expectations with a decline of -0.17%.
• Despite last week's drop, the rate of decline remains smaller than usual for this time of year, as pre-COVID, this same week averaged a drop of roughly a quarter percent in valuations.
• The estimated Used Retail Days-to-Turn is now at roughly 42 days.
• Last week, auction lanes across the country experienced another week of increasing inventory. The auction conversion rate was 58%, up 2% from the prior week.

Read this week’s report to find out more