Wholesale used vehicle prices took a larger step back in the final week of October.<\/p>\n\n\n\n
According to BlackBook\u2019s weekly market insights, the overall market was down 0.6 percent. That was a sharp decline from the previous week\u2019s 0.28 percent fall.<\/p>\n\n\n\n
\u201cThe market experienced larger declines, particularly in the truck segments, declining 0.63 percent compared with only 0.2 percent the week prior,\u201d BlackBook reported.<\/p>\n\n\n\n
With the United Auto Workers reaching tentative agreements with the Big Three automakers \u2014 Ford, Stellantis and General Motors \u2014 depreciation is expected to return to normal, according to BlackBook.<\/p>\n\n\n\n
All 22 segments followed by BlackBook fell in price.<\/p>\n\n\n\n
Car prices fell 0.53 percent. Sub-compact cars were down 0.82 percent. Trucks and SUVs collectively were down 0.63 percent. Compact vans fell 1.8 percent.<\/p>\n\n\n\n
\u201cThis is a very small segment that has only a few competitors so small dollar changes have a large percentage impact,\u201d BlackBook reported.<\/p>\n\n\n\n
Small pickups dropped 0.63 percent.<\/p>\n\n\n\n
Sales at auction were at 52 percent.<\/p>\n\n\n\n
\u201cLast week, the wholesale market showed more declines in all segments of cars and trucks,\u201d BlackBook noted. \u201cAt the same time, auction conversion rates saw a small uptick in the number of vehicles being sold, showing that sellers are willing to come down on floors to get the sale.\u201d<\/p>\n\n\n\n
The retail inventory index dropped from 1.05 to 1.03. Vehicles are taking 47 days to turn.<\/p>\n","protected":false},"excerpt":{"rendered":"Wholesale used vehicle prices took a larger step back in the final week of October. According to BlackBook\u2019s…\n","protected":false},"author":1,"featured_media":3440,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"csco_singular_sidebar":"","csco_page_header_type":"","csco_appearance_grid":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[28,3],"tags":[],"class_list":["post-4351","post","type-post","status-publish","format-standard","has-post-thumbnail","category-independent","category-industry","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts\/4351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/comments?post=4351"}],"version-history":[{"count":0,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts\/4351\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/media\/3440"}],"wp:attachment":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/media?parent=4351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/categories?post=4351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/tags?post=4351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}