Used Retail Dips, All Car Segments Decline

By Staff Writer January 12, 2022
The new year started with some positive movement in the auction lanes according to Black Book. The new year started with some positive movement in the auction lanes according to Black Book.

A recent report by Black Book shows 2022 continuing the trend of 2021, with used retail listings in decline. With some forecasted improvements on the semiconductor front, the listings may increase as the industry goes into the spring market.

Days-to-turn for used retail listings slightly increased over the last few months of 2021. Now in 2022, days-to-turn sits just above 38 days.

The new year started with some positive movement in the auction lanes, as buyers fill the lanes to buy inventory to prepare for the upcoming spring market, Black Book’s Market Insights reported. More inventory seems to be coming through, but floor prices remain higher than usual with scarcity of both new and used vehicles continuing to plague the automotive industry.

The weekly estimated average sales rate dropped dramatically at the end of calendar year 2021, to 60%, and has now increased slightly to 62%.

  • On a volume-weighted basis, the overall Car segment decreased -0.20%. For reference, the previous week, cars decreased by -0.10%.
  • All nine Car segments declined last week. This is the first time this has happened since the second week of August 2020.
  • Compact Cars had the largest decline last week, at -0.31%, marking the sixth consecutive week of decreases for an average decline of -0.25%.
  • Mid-Size Cars ended their 20-week streak of increases with a decline of -0.06% last week.
  • The volume-weighted, overall Truck segment decreased -0.13%, compared to the prior week’s increase of +0.01%.
  • Seven out of the 13 Truck segments reported declines.
  • Compact Crossovers had the largest decline last week, at -0.41%, marking the fourth consecutive decline for the segment.
  • Full-Size Vans reported another week of gains, increasing +0.40%. This now marks the 49th increase in the last 50 weeks.
  • The other two van segments, Compact and Minivan, also reported increases of +0.80% and +0.10%, respectively.
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Last modified on Wednesday, 12 January 2022 18:12