Your search engine for used car deals
Your search engine for used car deals
Market Trends Analytics provides a picture of where the used market/fleet market is going in almost real-time. There are two metrics available right now, the daily average price and the daily listing volume/inventory. Data points are updated daily.
Although not an absolute trending metric, the daily average price trend tends to align with market direction in the long run. Some daily variations may happen because of the portfolio breakdown. For example, if more expensive models are listed, it may skew the price up without establishing a market trend. These daily variations tend to average out in the long run. Weekly and monthly views give a better idea of the trend.
The daily listing volume indicates how many vehicles are for sale on a given day. The higher the volume, the more downward pressure may be exerted on prices. Historically, daily changes in volume can be quite large, and they reflect the business strategy of each major vendor and their forecast for the rental market.