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Wholesale Insights: https://heyor.ca/gzNMsf In the first week of December, we observed a larger depreciation than in prior weeks. In the car segment, compact cars and mid-size cars had the largest depreciation of all the segments. On the truck side, minivans and full-size trucks depreciated more than the other truck segments. We also noticed a drop in total auction inventory across the country last week. Nonetheless, the auction conversion rate remained high. In the OEM lanes, we continue to see a larger number of vehicles being brought in each week by some of the OEMs. This trend has persisted for the past four months. Last week’s auction conversion rate was 59%. #WholesaleInsights #AuctionConversion #MarketTrends #BiddingActivity #YearEndTrends

View the Weekly Market Insights here: https://heyor.ca/gzNMsf #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry

November Used Vehicle Retention Index: https://heyor.ca/8VBS27 “Auction activity in November mirrored the strong performance observed in October, maintaining robust activity in the auction lanes, with conversion rates staying in the mid-to-high fifty percent range,” said Laura Wehunt, Vice President of Data and Analytics. “Depreciation remained stable, contrasting with the same period last year when it consistently exceeded 1% per week. As we enter the final month of 2024, we are carefully observing potential increases in new car incentive levels, which could have implications for the used market.“ #UsedVehicleMarket #AuctionActivity #VehicleDepreciation #CarIncentives #AutoIndustry

Full Market Insights: https://heyor.ca/gzNMsf After experiencing lower depreciation during Thanksgiving week, the market’s depreciation rate increased last week but remained consistent with typical seasonal expectations. However, older vehicles aged 8 to 16 years reported lower depreciation, dropping by -0.38%, compared to 2 to 8-year-old vehicles, which declined by -0.63%, and 0 to 2-year-old vehicles, which declined by -0.55%. #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry

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Wholesale Insights: https://heyor.ca/spAyxg We hope everyone had a delightful Thanksgiving, cherishing moments with family and friends. Regarding the market, last week saw a rise in the overall auction conversion rate, though some locations experienced disruptions due to the holiday. This week, the team will monitor whether the increased bidding activity is a temporary spike from the holiday or will continue through the year-end. Last week’s auction conversion rate was 59%. #WholesaleInsights #AuctionConversion #MarketTrends #BiddingActivity #YearEndTrends

View the Weekly Market Insights here: https://heyor.ca/spAyxg #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry