
The March Retention Index broke another record, reaching 141 points.
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The market experienced record-breaking price increases this past week, as the supply and demand imbalance continued to drive up wholesale prices.
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The enhanced data provided will allow dealers and consumers to avoid killing a deal over a trade-in value.
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The market continues to see consistent week-over-week growth in wholesale values, as the additional round of stimulus spurred retail demand and sent dealers to the auctions.
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Black Book released their weekly automotive Market Insights report.
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Updates improve dealer engagement and support.
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Black Book recently published an update to their weekly Market Update.
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February saw another record broken with the Index reaching 130 points for the first time.
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February was another record-breaking month, with the Retention Index reaching 130 points for the first time. All segments saw an increase in the Index with Full-Size pickups leading the way – that segment stands 23% higher than it was in February of 2020.
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With economic patterns driven by the pandemic, normal seasonal patterns in the wholesale market were not observed for most of the year. We saw a similar picture in 2009, at the end of the Great Recession.
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