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.

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.