Auction prices rise…again
"Fueled in part by tariffs," is how Black Book
summarized April since its latest installment of Market Insights,
which covered the week that included the last day of the month. As
the calendar flipped, analysts watched wholesale prices rise
another 0.24% as last week's auction conversion rate came in
at 61%. “The market continued to see week-over-week increases
in wholesale values, although the pace of these gains slowed last
week,” Black Book said in the report released on Tuesday.
“Despite the moderation compared to the prior two weeks, the
scale of these gains remains atypical, as seasonal trends would
generally reflect week-over-week declines during this
period."
