BlackBook\u2019s weekly Market Insights<\/a>.<\/p>\n\n\n\nThe decline in prices occurred, while the market faced some uncertainty with some auctions closed following the recent storms in the Southeast.<\/p>\n\n\n\n
\u201cTypically, the used vehicle wholesale market experiences seasonal declines, but last week\u2019s reduction was less pronounced than what we usually observe. We are vigilantly monitoring auctions for potential flood-damaged vehicles to ensure they are correctly identified as outliers in the valuation process, thus maintaining pricing accuracy,\u201d BlackBook noted.<\/p>\n\n\n\n
Auction conversion rates were at 57 percent in the middle of the month and fell to 56 percent last week.<\/p>\n\n\n\n
\u201cAuction houses and buyers are advised to carefully evaluate the condition of vehicles affected by the storm and modify their purchasing and selling strategies in response to the possible changes in inventory and prices,\u201d BlackBook suggested. \u201cUnderstanding the extent of the damage will be critical in managing expectations and operational plans considering the storm\u2019s impact.\u201d<\/p>\n\n\n\n
The nine car segments fell 0.21 percent collectively with eight categories seeing a decline in prices. Sub-compact cars were down 0.51 percent or $35. Luxury cars dropped 0.38 percent or $82. Premium sports cars were up slightly, 0.03 percent or $32.<\/p>\n\n\n\n
Trucks and SUVs dropped in price 0.41 percent or $81. Twelve of the 13 categories were down led by sub-compact crossover SUVs falling 0.73 percent or $89. Compact vans were the outlier, increasing by 0.03 percent or $3.<\/p>\n","protected":false},"excerpt":{"rendered":"After starting to rebound at the start of October, wholesale vehicle prices began to fall again as the…\n","protected":false},"author":1,"featured_media":5099,"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-5304","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\/5304","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=5304"}],"version-history":[{"count":0,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts\/5304\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/media\/5099"}],"wp:attachment":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/media?parent=5304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/categories?post=5304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/tags?post=5304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}