Introduction November 2024 brings a range of significant developments within the auto market. As we progress through the fourth quarter, seasonal trends and broader economic factors are affecting wholesale prices, retail dynamics, and auction activities. Here’s a breakdown of the key changes shaping the automotive landscape this month. Quick Stats
October 2024 Auto Market Update—Week Ending October 29th Introduction In the final week of October, the auto market continued to adjust as wholesale prices softened across both car and truck segments. With seasonal demand stabilizing, certain segments saw sharper price declines, influenced by broader inventory levels and steady auction activity.
October 2024: Auto Market Update – First Week Trends and Insights The first week of October 2024 brought notable shifts in the auto market, influenced by several key factors. On the wholesale side, we observed price declines across both car and truck segments. Meanwhile, disruptions from Hurricane Milton in Florida
Another week, another auto market update! This time, with a special month review!If you’re asking yourself which of those were the most profitable niches and trends, you’re in the right place. Since the start of September, we’ve seen the core aspect of auto sales remain “affordability.” Now, in the last
Despite rising auction conversion rates, the days to turn on dealership lots are consistently increasing. In terms of valuations, the market continues to decline at a pace that surpasses pre-pandemic norms for this time of year. This Week Last Week 2017-2019 Average(Same Week) Car segments –0.54% –0.62% –0.39% Truck &
The trucking industry is a backbone of commerce, essential for transporting goods across vast distances. Moving into 2024, the sector is experiencing dynamic shifts driven by technological innovation, evolving regulations, and changing market demands. This piece explores the upcoming trends, growth opportunities, and challenges that the trucking industry will face.
Last week painted a picture of subtle tranquility in the broader market, with a whisper-thin increase of just 0.01%. It’s like the gentle hum of a well-oiled engine running in the background. But beneath this calm surface, the currents of change are stirring, particularly in the realms of luxury vehicles,
Once upon a time, in a bustling market filled with the hum of eager buyers and the competitive calls of sellers, a week stood out, marked by a subtle yet significant shift. It was the week ending March 30th, 2024, a period that would be remembered for its nuanced changes
Breaking Boundaries: Analyzing the 15.4% Forecasted Jump in US Auto Sales for August (PDF) The United States automotive market gears up for an anticipated surge in new vehicle sales, offering a glimpse into a dynamic landscape shaped by an intricate interplay of factors. Industry experts’ insights reveal that August is
Pickup Trucks Dominate Dealer Lots as Inventory Grows (PDF) Good news for those in the market for a full-size pickup truck: inventory shortages are easing, and wait times are decreasing. This shift in availability comes just in time for the spring selling season, which means dealerships may be better equipped
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