Wholesale car market shows strength in prices & sales rates last week

T

he wholesale used-car market showed some muscle last week, both in terms of prices and sales rates at the auctions.

According to Black Book’s latest Market Insights report, car values reversed course and showed an increase last week, while the depreciation in truck segments was less than a third of what it was the prior week.

Looking at week-over-week wholesale price changes for 2- to 8-year-old vehicles, depreciation in the overall wholesale market …