Industry News and Events

Used Market Update: October 23, 2020

Wholesale auction sales of vehicles up to 8 years old for the week ending Oct. 18 remained relatively flat at 80,000 units. Last week’s result marks the third consecutive week that sales were flat-to-down slightly. Ultimately, sales for the week ending Oct. 18 were approximately 20% lower than what’s typically recorded for the period. Segment-level auction sales on the mainstream side of the market were down slightly for the week. Across segments results were mixed, midsize pickup sales were down nearly 8% while, on the opposite end of the spectrum, midsize van sales were up 4%.

Used Market Update: October 16, 2020

Wholesale auction sales of vehicles up to 8 years old for the week ending Oct. 11 remained unchanged at 78,000 units. Last week’s result marks the fifth consecutive week that sales failed to surpass the 80,000-unit threshold. Ultimately, sales for the week were approximately 19% lower than what’s typically recorded for the period. Segment-level auction sales on the mainstream side of the market were essentially flat for the week. In general, mainstream passenger car sales were lower than their SUV counterparts. On the premium side of the market, sales were flat for the week.

Used Market Update: October 9, 2020

Wholesale auction sales of vehicles up to 8 years old for the week ending Oct. 4 reached 78,000 units, which was a 9% increase vs. the prior week’s 71,000-unit figure. Note that previous figures have been updated and reconciled resulting in lower sales than originally published. Ultimately, sales for the week ending Oct. 4 were approximately 20% lower than what’s typically recorded for the period. 

Used Market Update: September 17, 2020

Wholesale auction sales of vehicles up to 8 years old for the week ending September 13 reached 86,000 units, representing a 3% decline versus the prior week’s 88,000-unit figure. Ultimately, sales for the week ending September 13 were approximately 8% lower than what’s typically recorded for the period. It is important to note that sales for the week ending September 6 improved by 1,000 units versus what was initially reported due to lagged sales records.

Used Market Update: September 10, 2020

Wholesale auction sales of vehicles up to 8 years old for the week ending Sept. 6 reached 87,000 units, which was an 11% improvement over the prior week’s 79,000-unit figure. Ultimately, sales for the week ending Sept. 6 were only slightly lower than what’s typically recorded for the period. It is important to note that sales for the week ending Aug. 30 improved by 6,000 units vs. what was initially reported due to lagged sales records.

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.