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Both vehicle values and conversion rates sped up last week as two segments outperformed in the pre-spring burst of buying.
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Many vehicle segments experienced gains last week as conversions picked up. Meanwhile, the retail days to turn estimate stood at 39, analysts reported.
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Some automotive segments actually improved last week in a bright midwinter sign that could signal a healthy spring season.
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Could it be an early spring when it comes to used-vehicle sales? Black Book analysts think so based on recent weeks' auction activity.
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Despite the week's softening conditions, the market analyst said demand for used vehicles showed in competitive bidding for newer units in better condition.
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Some segments fared better than others last week, one in particular experiencing sharp value declines.
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All car and truck segments continued to decline last week, according to the market watcher.
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Two car segments bucked the value-decrease trend last week.
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Midsize luxury and subcompact luxury crossover segment depreciation quickened last week amid overall declines.
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Depreciation has been trending above same-week averages before the pandemic.
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