Internal weekly wrap by Signal reviewing wholesale pricing and cross-border retail trends for dealers. Covers seasonal patterns (Q4 slowdown, strong Q1/tax season), recent platform-wide wholesale value declines (down 3.3% over four weeks; down 0.85% over the past week), and a large Ford recall affecting nearly 700,000 vehicles; reminds dealers to consider current market environment and recalls when appraising/exporting vehicles.
Questions this video answers
Down 3.3%.
Down 0.85%.
Almost 700,000 vehicles.
Chapters
So I've been doing these weekly wrap up videos internally at Signal for over a year. And the original goal behind these videos was just to give everyone in the business an understanding of how we're doing, what our wins are, challenges, opportunities, things like that. Kind of do the same thing externally, mainly targeted at our dealer customers. Again just help help folks understand what we're seeing out there in markets and.
Best practices, anything that we have coming down the pipeline.
So today I'll touch on a couple data points and some, some best practices. You know we work with a lot of dealers that are new or newer to exporting and participating in the, in the US market. So it's good to be as as.
Well informed as possible.
We sit on a mountain of data at Signal on the wholesale pricing side.
Retail on both sides of the border.
And so we're going to try and.
Do a better job of surfacing some of that information.
In the coming, in the coming weeks and months. So want to talk wholesale trends for a second? You know what you typically see across the industry is you know there's some consistencies across the market, right. Last quarter of the year going into the holidays tends to be slower. Q1 going into tax season tends to be strong the with the spring market. So those are a couple, you know, highlights of seasonality. This year is no different.
On the fall slowdown.
What we've seen platform wide is wholesale values down 3.3% over the past four.
Weeks and 0.85% over the past week.
So pretty consistent with prior years and important for dealers right now because if.
You'Re appraising a vehicle right now and debating whether or not you want to export it, you want to take into consideration the the current market environment and be as as accurate as possible.
For dealers using our appraisal tools the.
Dynamic depreciation is, is factors that in.
So you're already ahead of the game. Couple things to be mindful of right now. Recalls continue to be top of mind.
Ford announced another round of recalls this.
Week affecting almost 700, 700,000 vehicles. And so they're continuing a record breaking.
Performance of most recalls by manufacturer in a year.
Not a claim to fame you want. And there's two months left so we'll.
See if, if there's any more major recalls that that get announced again. We we track all that and do.
Automated recall checking on both sides of.
The border for our dealers.
That's the first wrap wrapped. We'll try it again next week. Thanks sir.
