Wholesale Prices Continue Decline

By Staff Writer November 23, 2022

The Black Book Market Insights weekly report for Nov. 22 shows wholesale market prices continued to decline last week. The rate of depreciation slightly slowed; however, the declines are still outpacing what is typically experienced this time of year. Sales rates at the auctions are weak as sellers continue to hold firm on floors and buyers remain selective.

Other insights from Black Book:

  • On a volume-weighted basis, the overall Car segment decreased -0.94%. For reference, the previous week, cars decreased by -1.02%.
  • All nine Car segments decreased last week, and two of the nine had declines greater than -1%.
  • The Car segments have declined on average -1.12% per week over the last six weeks.
  • Mid-Size Car reported the largest Car segment decline last week at -1.28%. The segment has now had large declines for the last four weeks with an average weekly depreciation rate of -1.70%.
  • Full-Size Car has slowed the level of decline last week to -1.14%, compared with the prior three weeks average change of -1.53%.
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Last modified on Thursday, 01 December 2022 19:43