Auto Market Update Week Ending Jan 28, 2023 (PDF) For the second consecutive week, the Sporty Car segment has reported an increase, indicating an early sign of a potential Spring market bump. Additionally, the older, 8-to-16-year-old vehicles report lower depreciation, -0.27%, compared to -0.50% for the 2-to-16-year-olds. Compared with
Auto Market Update Week Ending Jan 21, 2023 (PDF) Before Q3 and Q4, the price declines had begun to accelerate, coming in at a level on par with last July (apart from the weeks around Thanksgiving and Christmas when volume and conversions were down). Compared to the previous week,
Used Car Sales Drops to its Lowest Level in Nearly a Decade (PDF) As a result of volatile economic conditions and consumers’ concerns about affordability, used vehicle sales in 2022 fell to their lowest levels in nearly a decade. Used-vehicle sales in the past decade Year Overall Retail 2022
Auto Market Update Week Ending Jan 14, 2023 (PDF) With two weeks of the new year behind us, the trends we ended 2022 with are continuing into 2023. It continues to be difficult to sell cars at auctions and weekly depreciation continues at a rate that exceeds what is
Auto Market Update Week Ending Jan 07, 2023 (PDF) After completing 2022, we can begin evaluating the year’s performance: Overall, the market declined 22.9%, with cars falling 22.7% and trucks falling 23%. There was only one segment that continued to appreciate last year, the Full-Size Van, which increased by
Auto Market Update Week Ending December 31st, 2022 (PDF) In a positive development, the overall conversion rate at the auctions improved slightly over last year. With depreciation exceeding the typical yearly rate, values are still well above pre-COVID levels. For comparison, the previous week, cars decreased by -0.49% on
Auto Market Update Week Ending Dec 23rd, 2022 (PDF) Although the market continues to decline, recent declines have been more in line with normal seasonal depreciation. In spite of this, auction sales continue to be less than ideal, with sellers holding firm and buyers being extra cautious as the
Auto Market Specialty Insights December 2022 (PDF) This month, the only segment to see an increase is snowmobiles. As we head into winter, all other segments are decreasing in value—most by 3.0% or more. The ATVs have taken the largest drop with a decline of 4.4%. Cruisers and Street
Auto Market Update Week Ending December 17th, 2022 (PDF) Prices continue to decline while sales rates remain low. However, we saw a smaller price decline than last week. Volume-weighted, the overall Car segment decreased by -0.83%, while last week, cars decreased by -0.86%. Two of the nine-car segments reported
Auto Market Update Week Ending December 10th, 2022 (PDF) Sales rates are lower than they should be, and this is worrisome to shoppers who are afraid they’re buying products that will take too long to sell. With values going down every week, many buyers hesitate to buy anything new.
EVs Sales Are Expected To Achieve Half Of The Auto Market By 2030 (PDF) Automotive executives think that more than 50% of car sales will be electric by 2030. This aligns with Vice President Joe Biden’s goal, and incentives like the $374 billion US climate spending package. The incentives
Top 10 Cars That Most Held Market Value (PDF) When you buy a new car, its value will depreciate right away. New research from iSeeCars.com has found that car depreciation has been getting much less than it used to be, which is great for car buyers. This is largely
Automotive Market Update For November 2022 (PDF) The fourth quarter typically accounts for the majority of the yearly depreciation, but this year the declines started in Q3 and are continuing to trend higher than typical. What’s different this year is that declines exceed 1% per week in many segments,
A quick recap of Auto industry-related headlines for June 2021 Wholesale prices remain strong, however, there are signs of softening in the market this week, as prices of newer used vehicles seem to be hitting a ceiling. Cars segments at +0.75% are the lowest weekly gain in seventeen weeks and
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