Larry Dixon

Used Market Update: September 3, 2020

Wholesale auction sales of vehicles up to 8 years old for the week ending August 30 reached 73,000 units, this was the lowest level recorded since week ending May 3’s 61,000-unit figure, and 23% lower vs. week ending August 23 results. While significantly lower week-over-week, sales last week were likely disrupted due to hurricane Laura, which severely impacted Gulf States. As a result, sales for the week ending August 30 were 28% less than the J.D. Power pre-virus forecast for the period.

Used Market Update: August 27, 2020

Wholesale auction sales of vehicles up to 8 years old for the week ending August 23 were essentially unchanged vs. the previous week (week ending August 16). Sales for the period reached an estimated 94,000, only slightly less than the previous week’s 95,000-unit figure. While wholesale sale volumes remain healthy, sales during the past two weeks have been an average of 8% less than the J.D. Power pre-virus forecast.

Used Market Update: August 6, 2020

Wholesale auction sales of vehicles up to 8 years old for the week ending August 2 declined by 5% vs. the previous week (week ending July 26), with sales again reaching an estimated 98,000. While sales were down slightly week-over-week, the pace remains robust as weekly totals were only 2% below the J.D. Power pre-virus forecast of 101,000 units for the week.
 

Used Market Update: July 30, 2020

Wholesale auction sales remain consistent, sales flat week-over-week. Wholesale auction sales of vehicles up to 8 years old for the week ending July 26 were unchanged from the level reached the previous week (week ending July 19) with sales again reaching an estimated 102,000. This is the second consecutive week that sales have been greater than 100,000 units, however, weekly sales totals were 2% below J.D. Power’s pre-virus forecast of 104,000 units for the period.

Used Market Update: July 23, 2020

Wholesale auction sales move back above 100,000 units following brief slowdown. After dropping to 97,000 units the week ending July 12, wholesale auction sales of vehicles up to 8 years old increased 4% reaching an estimated 101,000 units the week ending July 19. Despite the healthy week-over-week increase, weekly sales totals were 5% below J.D. Power’s pre-virus forecast of 106,000 units for the period.

Used Market Update: July 16, 2020

The Wholesale auction sales remain robust. Wholesale auction sales of vehicles up to 8 years old reached an estimated 97,000 units the week ending July 12. Sales declined 3% vs. the week prior, however they remain at a healthy level. The decline can be attributed to carryover effects stemming from the July 4 holiday which, unlike recent years, landed on a weekend, likely influencing results for the weeks ending July 5 and July 12.

Used Market Update: July 1, 2020

Wholesale Auction Sales Remain Above 100,000 Units.

Wholesale auction sales growth of vehicles up to 8 years old reached an estimated 108,000 units the week ending June 28, down 3% vs. the week prior. While week-over-week figures were down slightly, sales were still robust and ended the period 7% above the 101,000-unit pre-virus forecast for the week. Sales during the past four weeks have consistently beaten pre-virus expectations and exceeded 100,000 units per week.

Used Market Update: June 25, 2020

Wholesale Auction Sales Surpass 110,000 Units. This J.D. Power Valuation Services Used Market Update for June 25, 2020.

Wholesale auction sales of vehicles up to 8 years old continued to climb last week. Sales reached an estimated 110,000 units the week ending June 21, up 2% vs. the week prior and 9% more than the 101,000-unit pre-virus forecast. Sales during the past three weeks have exceeded 100,000 units each week, the first time this has occurred since early March.