9/4/2024 Weekly Market Updates

9/4/2024 Market Update

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

• The market continued to report stability last week, with a majority of the truck and crossover/SUV segments experiencing an increase in values, resulting in an overall market uptick of +0.01%.
• In contrast, the same week pre-COVID averaged a decline of -0.12%.
• On a volume-weighted basis, the overall Car segment decreased -0.20%. For reference, in the previous week, cars decreased -0.14%.
• The auction conversion rate last week’s rate was 59%, a decrease of 2% from the previous week.

Read this week’s report to find out more