Auto Market Report – June 2020
- A look at Used Wholesale Price and Used Vehicle Supply Projections
- Auction Sales Volume and Sales Rates
- Segment Highlight – Compact Crossover / SUV
- Volume-weighted, overall car segment values increased 1.54% this past week.
- All car segments experienced increases, with the most notable increase being the Compact Car segment with a gain of 2.29%.
Seasonally Adjusted Retention Index for 2019 and 2020 calendar years
Wholesale Average value on two- to six-year-old used vehicles, as a percent of original typically-equipped MSRP. It is weighted based on registration volume and adjusted for seasonality, vehicle age, mileage, and condition. The Index offers an accurate, representative, and unbiased view of the strength of used vehicle market values. It measures an ‘apples-to-apples’ year-over- year retention comparison.
Auction Volume and Sales Rates
Sales volume has rebounded to a level consistent with, and on some days higher than, this time last year. This is being driven by strong retail sales, which are then leading dealers to use auctions as their main source of inventory.
The Sale Rate is the percentage of auction vehicles offered versus sold.
Vehicle Depreciation Rates
The graph below shows week-over-week depreciation rates for the entire market, including Cars and Trucks / SUVs / Vans for the last several months. We have now experienced four weeks of overall market rebounding with consistent week-over- week increases in almost all segments.
