Wholesale values are continuing their typical autumn descent, according to the COVID-19 Market Insights released by Black Book on Tuesday.
However, analysts and auction observers noticed that consignors aren’t budging much when it comes to the floors for the limited volume of vehicles going through the wholesale market nowadays.
With that scenario as the backdrop, Black Book got into the details of the latest price movements for both cars and trucks.
Based on volume-weighted data, Black Book determined overall car segment values decreased 0.37% over the past week, nearly mimicking the exact drop seen during the previous week that was 0.38%.
Dealers who needed midsize cars might have found bargains when the hammer came down as Black Book said values for those particular units dropped 0.89% this past week.
Conversely, analysts found that values in the luxury car segment rose 0.37%, “but it is expected that will