Used Prices, Days-to-Turn Dip

By Staff Writer August 05, 2021

 

Black Book reports that retail used prices are beginning to fall.

“In April and May, retail prices picked up speed as demand accelerated, fueled by stimulus payments, tax season, and shortages of new inventory,” Black Book reports. “In June, retail prices continued to rise. After strong spring and summer months, retail listing prices have started to fall. Currently, retail prices are more than 24% above where we started the year.”

Black Book’s analysis is based on approximately two million vehicles listed for sale on U.S. dealer lots.

“Current used retail listing volume is about 11% below the start of the year. As retail demand softened in the last several weeks (both for new and used vehicles), used inventory had remained relatively flat but is now starting to decrease again,” according to Black Book.

“Days-to-turn for used retail listings have been increasing, as retail demand softened over the last few weeks. The days-to-turn now sits just below 34 days, which is still lower than what is typically expected in a normal year.”

Rate this item
(1 Vote)
Last modified on Wednesday, 11 August 2021 10:52