The Estimated Average Weekly Sales Rate continues to increase and now is at 72%.
The seasonally adjusted Retention Index went down to 185.4 points in April 2022 as high gas prices strengthen some segments and weaken others.
The Used Retail Days-to-Turn Estimate has continued to drop over the last few weeks and remains below 36 days.
Higher gas prices are affecting the demand for trucks and SUVs – almost all the non-luxury crossover / SUV and pickup segments of all ages are depreciating at an accelerating rate, while non-luxury car segments are appreciating.
The Estimated Average Weekly Sales Rate decreased a little last week to 67%, with sellers holding firm to floor pricing.
The seasonally adjusted Retention Index went down to 187.7 points in March 2022 as modified Spring arrives late.
Franchise dealers have started noticeably competing against large independent dealers for desirable units, but rental partners have really shown their dominance in many lanes, especially for cleaner, low-mileage vehicles.
Overall market declines continued last week, but the rate of declined lessened.
With the approach of Spring and warmer weather in many parts of the country, we are beginning to see some changes in the RV market.
Declines in wholesale prices continued last week, despite an improvement in conversion rates.
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