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 31.
The Takeaways
- New vehicle sales recovery resumes after pause. Sales accelerated at month-end as the industry exited the period with its strongest performance since the COVID crisis began.
- Wholesale auction activity narrows the gap on pre-virus levels. Auction sales reached 90,000 units, just 6% below pre-virus expectations.
- Wholesale auction prices exceed pre-virus expectations. Prices rose 2.3 percentage points to mark the sixth consecutive week of growth. Prices are now slightly above our pre-virus forecast.
Access the full update by clicking here >