{"id":4731,"date":"2024-04-17T10:49:42","date_gmt":"2024-04-17T15:49:42","guid":{"rendered":"https:\/\/niada.com\/dashboard\/?p=4731"},"modified":"2024-04-17T10:49:43","modified_gmt":"2024-04-17T15:49:43","slug":"wholesale-used-vehicle-prices-continue-to-rise","status":"publish","type":"post","link":"https:\/\/niada.com\/dashboard\/wholesale-used-vehicle-prices-continue-to-rise\/","title":{"rendered":"Wholesale used vehicle prices continue to rise"},"content":{"rendered":"\n<p>The rebound of the wholesale used vehicle market continues.<\/p>\n\n\n\n<p>Prices of wholesale vehicles increased for the third straight week, according to <a href=\"https:\/\/www.blackbook.com\/market-insights\/market-insights-4-16-2024\/?utm_source=Customers+and+Subscribers&amp;utm_campaign=ce3cae9856-Market_Insights_2017_03_21_COPY_01&amp;utm_medium=email&amp;utm_term=0_1d368deea6-ce3cae9856-548027966&amp;mc_cid=ce3cae9856&amp;mc_eid=b3d130fc26\" target=\"_blank\" rel=\"noopener\">BlackBook\u2019s weekly Market Insights<\/a>. The market grew by 0.14 percent, which is slightly behind the previous week\u2019s growth of 0.24 percent.<\/p>\n\n\n\n<p>\u201cThe overall market is still experiencing growth, yet there is a noticeable deceleration in the pace of these gains, and a growing number of segments are beginning to see a reversal into negative trends,\u201d BlackBook reported. \u201cNotably, the luxury segments have exhibited a widespread downturn across all categories last week, with the sub-compact luxury crossover segment standing out as the sole exception to this declining trend.\u201d<\/p>\n\n\n\n<p>The nine car segments had an average increase of 0.27 percent or $38. The midsize cars grew by 0.55 percent or $65. Prestige luxury cars led the five segments that fell in price, dropping $173 or 0.54 percent.<\/p>\n\n\n\n<p>The 13 truck and SUV divisions had a slight increase collectively of 0.09 percent or $17. Full-size crossover SUVs jumped $161 or 0.65 percent. Full-size vans fell 1.47 percent or $303.<\/p>\n\n\n\n<p>The higher prices did not slow auction sales, which hit 59 percent.<\/p>\n\n\n\n<p>\u201cThe wholesale market maintains a rising trajectory,\u201d BlackBook noted. \u201cAuction conversion rates this week hit an annual high of 59 percent, marking an increase of 3 percent from the previous week.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"The rebound of the wholesale used vehicle market continues. Prices of wholesale vehicles increased for the third straight&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":{"0":"post-4731","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-industry","8":"cs-entry","9":"cs-video-wrap"},"_links":{"self":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts\/4731","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=4731"}],"version-history":[{"count":0,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts\/4731\/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=4731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/categories?post=4731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/tags?post=4731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}