COVID-19 Valuation Services Update: 4.30.2020
The Takeaways
- The new-vehicle retail sales recovery continued through week ending April 26. This marks the fourth consecutive week of improving new market conditions. Sales volumes increased weekover-week in all top 25 markets last week, with the exception of Raleigh, NC.
- Wholesale auction activity continues to be depressed. However, the situation is improving. Auction sales increased for the third consecutive week and wholesale prices increased slightly the week ending April 26.
- Through week ending April 26, physical auction channels across the country remained severely disrupted. However, direct-to-dealer wholesale prices have flattened and are performing significantly better than physical auction prices.
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