Wholesale prices stay ‘unusually strong’ as August arrives
As the industry turns its collective calendar to August, Black Book is seeing wholesale prices staying “unusually strong” for this time of year.
The latest Black Book Market Insights report showed how cars held better retention overall than trucks this past week with prices for sporty cars again increasing slightly.
“The used-vehicle market values remain unusually strong. The depreciation rates last week were the lowest in eight weeks,” said Anil Goyal, executive vice president of operations at Black Book.