According to Black Book Market Insights, we typically see a decline in both wholesale and retail values during the last few months of the year… the “ber” months. However, we also see a recovery on the horizon when Retail & Wholesale prices increase. Looking historically, we often see prices increase as we head into Spring (Tax Returns) and throughout the summer.

So, knowing these patterns, how does it affect your planning?

Considering the time it takes to rebuild a vehicle, planning to optimize for Costs and Opportunities is critical. For example, right now should be considered a time to buy Salvaged Vehicles. The coming weeks and months should be used for Rebuilding in anticipation of the historically stronger Wholesale and Retail opportunities that come with Tax Refunds and better weather.

On the flip side,

if you purchased a Salvaged vehicle in the last few months and haven’t yet wholesaled or retailed out of it, you’re probably feeling the sting of a falling market and higher interest rates. If you’re feeling stuck in a car, and want to free up that cash flow or credit, then consider wholesaling that vehicle to AutoSavvy. You can get a free Rebuilt Wholesale Valuation using our tool here.

Remember, plan the work, then work the plan.

Happy Rebuilding,