Economic News

After several weeks of price declines, wholesale auction prices moved lower once again the week ending November 15 marking the 13th consecutive week of downward price...

Wholesale Auction Sales Reach 80,000 Units Wholesale auction sales of vehicles up to 8 years old for the week ending Nov. 8 fell slightly reaching approximately...

A massive increase in the number of 4-7 year-old trucks sold in September means the floodgates opened, at least for one month, as the industry continues...

Depreciation is accelerating, which should come as a surprise to no one. Low-mileage trucks are still bringing fairly strong money, but the definition of “low-mileage” continues...

The volume of 4-7 year-old trucks sold at auction in October pulled back to typical levels after the massive surge in September. Trades and bankruptcy liquidations...

The volume of 4-7 year-old trucks sold at auction in November was very similar to October. Pricing was mildly lower on average. Conditions felt similar overall...

November’s retail environment was in line with expectations, with no notable pre-holiday bump, and average-mileage trucks continuing to lose ground. On the bright side, low-mileage trucks...

There was a notable month-over-month increase in the volume of 4-7 year-old trucks sold at auction in December. Pricing was markedly lower on average. Both measures...

Late-model trucks lost more value than expected in December. Sales volume of 3 year-old trucks increased notably, while the volume of 4 and 5 year-old trucks...

The volume of 4-7 year-old trucks sold at auction was healthy in February, rebounding nicely from a typically low January. In fact, February’s volume was the...