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Black Book

Weekly Market Insights Report

Used wholesale and retail prices are starting to stabilize in July (although at a remarkably high plateau), but new car sales are still on a rollercoaster as the chip shortage is finally showing up in the new sales numbers.

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Market Insights from Black Book

Wholesale values continue to decline after a monstrous 22-consecutive weeks of gains; however, sales conversion rates were also down last week. We anticipate that dealers will begin gradually and moderately reducing their floors.

Black Book Used Vehicle Retention Index Shows Another Increase In June

The June Retention Index increased again, although at the slower rate, and broke yet another record, reaching 166.0 points.

Black Book: Weekly Market Report

Wholesale values are finally starting to simmer down but make no mistake, supply channels haven’t been restored and the market remains strong.

Market Insights Report

Another week of gains for the exceptionally strong wholesale market; however, that pace has slowed tremendously.

Black Book: Weekly Market Updates

Wholesale prices remain strong, however there are signs of softening in the market this week, as prices of newer used vehicles seem to be hitting a ceiling.

Black Book: Weekly Market Updates

The May Retention Index showed another increase and broke yet another record, reaching 159.6 points, a 7.1 point (or 4.7%) increase from April (152.4).

Weekly Market Insights from Black Book

All nine car segments reported gains last week, however, 0.8% is the lowest weekly gain the overall car segment has seen in 15-weeks.

BLACK BOOK: Weekly Market Update

It is now clear that like 2020, 2021 will also not have typical seasonality patterns as the market is going through a rapid increase in wholesale values.

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Black Book: Weekly Market Insights

New inventory is not expected to see improvement until the third quarter of this year, so values are expected to remain at elevated levels throughout the summer.

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