Black Book’s Post

Recent analyses from Black Book have indicated modest upward trends in the market. This observation aligns with expectations, as the period around Presidents Day often coincides with the peak of IRS activity, traditionally leading to an uptick in customer traffic. The Automotive Advisor Team has proactively engaged with numerous clients since the beginning of the year, emphasizing this forecast. It is crucial to approach this season with strategic foresight and calculated courage. There exists a brief yet opportune window for dealerships to align their operations and inventory to leverage the anticipated increase in demand. It's imperative to understand that the focus should not solely be on stock quantity but rather on curating the right mix of inventory to meet market demands effectively. This strategic preparation is essential for optimizing performance and capitalizing on the seasonal opportunities ahead. As always, our team is here to support your dealership in navigating these trends and preparing for success. John Ellis David Long Durran Cage The Automotive Advisor Team

Wholesale Insights: https://lnkd.in/eJm8W8Nr The initial week of February maintained the stability of the wholesale market seen at the end of January. There was a modest rise in auction inventory alongside value stabilization within both car and truck categories. Over the past four weeks, the market has shown gradual improvement, with no significant fluctuations but rather minor price upticks in certain car and truck segments. The estimated Average Weekly Sales Rate was stable at 55%. #WholesaleInsights #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry

Wholesale Insights: https://lnkd.in/eBTjct_7 In June, the market remained stable; however, depreciation continued for both car and truck segments even though there was an increase in the auction conversion rate. This ongoing depreciation amid higher auction success rates suggests that vehicles are losing value, influenced by factors like supply and demand dynamics, market conditions, or external economic factors. The trend indicates that market stability does not necessarily equate to appreciating vehicle values. In the last week of June, the auction conversion rate peaked at 57%, marking the highest rate achieved for the month. This indicates a strong close to the month in terms of vehicles being successfully sold at auction. #WholesaleInsights #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry #MarketInsights #WholesaleMarket

Wholesale Insights: https://lnkd.in/eqNxukn9 Last week, the declining wholesale market persisted, with both car and truck segments experiencing drops, several exceeding 1%. The rise in auction inventory across the country over the past few weeks could be a potential factor driving these prices down. Additionally, the auction conversion rate last week was 58%, compared to 61% the previous week. #WholesaleInsights #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry #MarketInsights #WholesaleMarket

Wholesale Insights: https://lnkd.in/epw9PFjF One month into 2024 and the wholesale market continues to show more stability. Less depreciation in both car and truck segments in January compared to December. All indicators show this trend will continue in February and we should see more improvement in the market in the days to come. Auction conversion and inventory remained stable this week, another positive sign. The estimated Average Weekly Sales Rate was table at 55%. #WholesaleInsights #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry

New market insights are here 📊 📊 The Canadian used wholesale market saw a decline in prices for the week at  –1.06% 📉 The Car segment fell by -0.67% and the Truck/SUVs segment prices declined –1.45%. 📈 0 out of 22 segments’ values have increased for the week Explore more valuable pricing data and information on industry trends by reading our latest report at the link below. #CanadianBlackBook #CBB #MarketInsights #Automotive #AutomotiveIndustry #Auto #Data #DataResearch #WholesalePrices #Analytics https://lnkd.in/gisXSKsN

Wholesale Insights: https://lnkd.in/eYu-kWxS With the first week in April in the books, The continued upward trend in wholesale prices suggests that demand remains strong, keeping prices high. The decline in auction conversion rates, which signifies a lower percentage of vehicles being sold at auctions, could imply that the demand may be starting to soften or that buyers are becoming more selective, likely due to the higher prices commanded in recent weeks. #WholesaleInsights #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry

Wholesale Insights: https://lnkd.in/ewF-RxEu In the second week of September, the Truck market showed positive movement in seven segments, with Small Pickups experiencing the largest increase at +0.59%. Conversely, the overall Car segments continued to decline, with Full-Size Car seeing the largest decline at -0.43%, though three segments did show positive movement. Last week, auction lanes across the country experienced an increase in inventory. The auction conversion rate was 56%, a 3% drop from the prior week, marking the lowest rate since the third week of June this year. #WholesaleInsights #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry #MarketInsights #WholesaleMarket

Wholesale Insights: https://lnkd.in/euDwsV4n Recapping the first full week of March, the wholesale market exhibits further improvement, with three truck and three car segments reporting positive movement, signaling the commencement of the spring market. The mood in the auction lanes is upbeat, a sentiment echoed by a 2% increase in auction conversion rates compared to the previous week, alongside a slight reduction in auction inventory. This combination of factors points to a growing optimism within the market. The estimated Average Weekly Sales Rate was improved to 57%. #WholesaleInsights #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry

Wholesale Insights: https://lnkd.in/ehzsBcrK Last week we celebrated the July 4th holiday! I hope everyone did get to spend quality time with family and friends and made the most of the long weekend. The market has been facing a persistent decline in both car and truck segments. This marks the sixth consecutive week of declines for the Car segments and the seventh consecutive week of declining prices for the Truck segments. This consistent downturn highlights ongoing challenges in the automotive sector. Despite the persistent market decline in the Car and Truck segments, the auction conversion rate increased to 58%, which is a 1% rise from the previous week. This improvement occurred even with most auctions being closed on Thursday for the holiday. #WholesaleInsights #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry #MarketInsights #WholesaleMarket