According to Auto Remarketing, auction price declines pick up speed.
At the industry level, wholesale price movement was expected to weaken slightly over the course of the current week as NADA projected prices to decline by 0.3 percent, or $50, relative to the two-week average.
“The expected rate of decline is slightly more accelerated than last week,” officials said.
Which segment will fall the most?
NADA UCG predicts midsize cars to see the biggest decline this week — prices are expected to soften around 0.8 percent or $100.