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.

Used Market Update: June 17, 2020

J.D. Power Valuation Services Used Market Update:  June 17, 2020: Wholesale Auction Sales Exceed 105,000 Units

Wholesale auction sales of vehicles up to 8 years old continued to climb last week. Sales reached an estimated 107,000 units the week ending June 14, up 6% vs. the week prior and 5% more than the 102,000-unit pre-virus forecast for the week. Sales over the past two weeks have exceeded 100,000 units per week, the first time this has occurred in three months.

Weekly Wholesale Auction Sales

Used Market Update: June 12, 2020

Wholesale Auction Sales Exceed Pre-Virus Expectations

Wholesale auction sales of vehicles up to 8 years old surpassed pre-virus forecast the week ending June 7. Sales reached an estimated 98,000 units, up from the 95,000-unit pre-virus forecast for the week. The week marked the first time since early March with wholesale sales at or above normal levels.

Weekly Wholesale Auction Sales (000s)

Used Vehicle Market Takes Solid Step Toward Recovery

11/05/2020 12:18 PM

The used vehicle market takes a solid step toward recovery with consistent improvements in wholesale volume and prices. Wholesale auction sales remained depressed through the week ending May 3, however, sales continue to recover as key industry stakeholders come back online and dealers progressively plug holes in retail inventory. Sales exceeded 50,000 units for the week, a figure around 50% of pre-virus expectations but well above the ~80% delta versus initial expectations recorded in early April.

COVID-19 Update Report- Direct to Dealer

04/05/2020 01:57 PM

Our analysis of how direct-to-dealer wholesale prices have performed since the start of the virus situation. 

Compared to wholesale auction prices over the same period, reveals that direct to dealer / upstream wholesale prices have held up far better than prices at physical wholesale auctions. For the week ending April 26, direct-to-dealer wholesale prices were down around 6% versus the beginning of March, a relatively small decrease when compared to the 14% decline recorded for wholesale auction prices over the same period.