🚗September Market Insights: Seasonal Patterns Emerge

Wholesale Price Changes by Segment 

The car segment experienced mixed results throughout September. While some segments, like Compact Cars, saw steady increases, others, such as Full-Size Cars, experienced significant declines. Overall, the car segment remained relatively stable, with minor fluctuations in weekly depreciation rates. However, the trend toward increasing depreciation in certain segments, particularly among older and more expensive models, suggests a potential shift in market dynamics.

Wholesale Inventory

Used Retail Listing

The Used Retail Active Listing Volume Index remained relatively stable throughout September. The estimated Used Retail Days-to-Turn fluctuated slightly, reaching a high of 47 days in the second week of September before declining to 42 days in the final week. Overall, the used retail listing market showed minimal changes during the month.

Black Book’s Used Vehicle Retention Index Increased In August

“After four consecutive months of the Index declining, the market stabilized in August,” stated Laura Wehunt, VP of Analytics. “Three years after the market experienced a decrease in new vehicle supply due to production shutdowns, the industry is now witnessing the effects of lower used supply. This low supply is stabilizing the market despite unfavorable conditions such as rising incentive levels, high interest rates, and increasing delinquency rates.”