Black Book: Retail Prices Soften

By Staff Writer September 21, 2022

Black Book’s Weekly Market Insights shows the wholesale market’s rate of decline remaining consistent with the past seven weeks.
The Sept. 20 report showed retail listing volume has been increasing and retail listing prices are starting to soften. Typically, it takes six to eight weeks for the retail market prices to reflect declines in wholesale pricing.
The Used Retail Days-to-Turn Estimate seems to be remaining somewhat stagnant at around 41 days, Black Book reported.

• On a volume-weighted basis, the overall Car segment decreased -0.89%. For reference, the previous week, cars decreased by -0.84%.
• All nine Car segments decreased last week.
• As fuel prices continue to drop, the Compact Car segment, which experienced large gains when fuel prices were increasing, has now had 12 consecutive weeks of declines. The segment had the largest Car segment decline last week, with a depreciation of -1.17%.
• Sub-Compact Car (-0.62%) reported its largest single week decline for the segment since the middle of August 2021.

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Last modified on Tuesday, 27 September 2022 13:24