As we noted last week, the devaluation underway in the auction lanes carried over to retail pricing only to a moderate extent through September. On average, 3-5 year-old sleepers lost less than 4% of their retail value from August to September. We expect to see more downward movement in October’s data. In the meantime, here’s where individual sleeper models shaped up through September (see graph below).

The models showing the steepest downward movement are generally those running through auctions in the greatest numbers. October’s retail results should give us a better idea of how the end-user market has reacted to the increased supply.

I look forward to hearing your recent market experiences at the UTA Convention this week. If you regularly read this blog, be sure to track me down and say hi. I’ll also be exhibiting in the SOARR booth at the trade fair Thursday night.