COVID-19 Valuation Services Update (05.29.20)

As the COVID-19 situation continues to develop, J.D. Power Valuation Services is committed to supporting our industry through this unprecedented time.

What follows are our insights through the week ending May 24.

The Takeaways

• New vehicle sales recovery remains on pause, with sales down 25% from pre-virus expectations for the last three weeks.
• Wholesale auction activity is closing in on pre-virus levels despite the lack of widespread in-lane bidding. Auction sales exceeded 91,000 units, just 11% below pre-virus expectations.
• Wholesale auction prices are within striking distance of pre-virus expectations. Prices rose 2.3 percentage points to mark the fifth week in a row of meaningful growth. Prices are now down just 2% versus our pre-virus forecast.

Access the full update by clicking here >