{"id":4539,"date":"2024-01-31T08:45:43","date_gmt":"2024-01-31T14:45:43","guid":{"rendered":"https:\/\/niada.com\/dashboard\/?p=4539"},"modified":"2024-01-31T08:45:44","modified_gmt":"2024-01-31T14:45:44","slug":"decline-in-wholesale-prices-slows-at-end-of-january","status":"publish","type":"post","link":"https:\/\/niada.com\/dashboard\/decline-in-wholesale-prices-slows-at-end-of-january\/","title":{"rendered":"Decline in wholesale prices slows at end of January"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Compact cars and full-size vans increased slightly at auction at the close of January.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The two categories stood out as the overall wholesale used vehicle market continued to depreciate, according to <a href=\"https:\/\/www.blackbook.com\/market-insights\/market-insights-1-30-2024\/\" target=\"_blank\" rel=\"noopener\">BlackBook\u2019s weekly Market Insights<\/a>. The market fell 0.33 percent in the final week of the month.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe current market is exhibiting a deceleration in the depreciation rate, with a decline of only 0.33 percent this week, which is slightly lower than the average pre-pandemic rate of 0.39 percent for the corresponding period,\u201d BlackBook reported. \u201cMoreover, vehicles ranging from 8 to 16 years in age are demonstrating modest signs of spring, with five segments experiencing increases last week.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Compact cars increased by $30 or 0.29 percent. Full-size vans were up $18 or 0.09 percent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Collectively, the nine car categories fell $37 or 0.26 percent. Sub-compact cars were down 1.3 percent or $89. Prestige luxury cars declined $305 or 0.91 percent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The 13 truck and SUV categories dropped $68 or 0.36 percent. Compact luxury crossover SUVs were down $113 or 0.55 percent. Mid-size luxury crossover SUVs fell 0.62 percent or $149.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Auction sales picked up, rising to 55 percent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the retail market, BlackBook noted prices and inventory are down from the start of the year. Vehicles are taking 54 days to turn.<\/p>\n","protected":false},"excerpt":{"rendered":"Compact cars and full-size vans increased slightly at auction at the close of January. The two categories stood&hellip;\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":[3],"tags":[],"class_list":["post-4539","post","type-post","status-publish","format-standard","has-post-thumbnail","category-industry","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts\/4539","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=4539"}],"version-history":[{"count":0,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts\/4539\/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=4539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/categories?post=4539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/tags?post=4539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}