Remarketing Roundup: Auction Declines Were Surprising, NADA on Commercial and Used Car Trends

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by Jon LeSage, edi­tor, Used Car Mar­ket Reports

Here are a used car mar­ket trends cov­ered in this week’s …..

For the edi­to­r­i­al team at Black Book, and for remar­ket­ing pro­fes­sion­als they’re talk­ing to, the lev­el of declin­ing activ­i­ty at auc­tions kind of caught peo­ple off guard. It looks like there will be an adjust­ment in the floors to get things mov­ing a lit­tle faster.

They noticed a slow rental mar­ket con­ver­sion, and cars are see­ing more down­ward adjust­ments than trucks. Over­all, cars saw their sec­ond largest declin­ing amount since Sep­tem­ber 20 if this year.

Pick­ups are still doing bet­ter than the over­all mar­ket – espe­cial­ly 4WD con­fig­u­ra­tions. Change for all three pick­up seg­ments con­firmed a bet­ter week over week trend.

NADA is focused on com­mer­cial and pas­sen­ger vehi­cles in this week’s Used Car Mar­ket Reports – with Chris Viss­er and the NADA Com­mer­cial Vehi­cle Mar­ket Update and Jonathan Banks with a video recap of the lat­est NADA Used Car Guide.

Retail sleep­er trac­tor pric­ing came back with a roar in August, the high­est ever seen. August makes for the fifth month in 2013 to set a new record. Sleep­er trac­tor-trail­ers saw an aver­age price of $54,090 – beat­ing June’s pre­vi­ous record by $1,266 (up 2.3%).

Whole­sale sleep­er pric­ing was also up, with the strongest result in eleven months.

The con­struc­tion seg­ment seems to be show­ing signs of recov­ery. The newest used trucks show­ing two months of upward move­ment and strong pric­ing.

On the used car side, while September’s drop was large com­pared to the pre­vi­ous 10 months, it was right in line with his­tor­i­cal price move­ments. The close of Q3 stayed in line with NADA’s pos­i­tive out­look for 2013.

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