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Signs of the nearing spring appeared in wholesale market last week.
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Subcompact cars have consistently seen high depreciation, including last week.
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The estimated used retail days-to-turn is now at about 44.
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Depreciation proved normal for the early part of the year last week.
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Wholesale market is stabilizing, based on last week's activity.
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Auction inventory increased last week, conversion rates were high, and depreciation slowed.
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Auction business resumed a more normal pace after the holidays last week.
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Typical late-year wholesale price depreciation was a tad under the prepandemic average.
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Stability appears to be taking shape in the wholesale market, as both online and-person bidding proves healthy.
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