The firm forecasts narrower wholesale price declines plus stronger-than-normal seasonal conditions, reflective of demand improving as said declines show up in retail pricing, Smoke said on the call.
Alex Yurchenko, chief data science officer for Black Book, said last month that depreciation could occur in the second half of the year, albeit closer to pre-coronavirus pandemic levels.
Scarcity of used vehicles less than 4 years old will continue to influence pricing.
When the…
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