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Automotive Industry:United States: Difference between revisions
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* Over the month of June, daily MMR Retention, which is the average difference in price relative to the current MMR, averaged 97.8%, meaning market prices stayed below MMR values again this month. Against May, valuation models in June moved down a point on MMR retention. ' | * Over the month of June, daily MMR Retention, which is the average difference in price relative to the current MMR, averaged 97.8%, meaning market prices stayed below MMR values again this month. Against May, valuation models in June moved down a point on MMR retention. ' | ||
* The average daily sales conversion rate rose to 57.4%, a rise over the previous month and higher than is normally seen at this time of year. For comparison, the daily sales conversion rate averaged 51.4% in June over the past two years. | * The average daily sales conversion rate rose to 57.4%, a rise over the previous month and higher than is normally seen at this time of year. For comparison, the daily sales conversion rate averaged 51.4% in June over the past two years. | ||
* The average retail listing price for a used vehicle was down 1% over the last four weeks. | * The average retail listing price for a used vehicle was down 1% over the last four weeks. | ||
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