Market Trends
Market Trends Analytics gives a current view of the used car market. It provides two metrics: the average daily price and the daily inventory/listing volume. These data points are updated every day.
Daily Average Price and Volume
Daily Average Price
Daily Average Price is not always an exact indication of market trends, but it typically reflects the overall market direction in the long term. Daily fluctuations may occur due to the types of cars being listed, such as more expensive models that can skew prices upward. However, over time, these daily fluctuations tend to even out, and the weekly or monthly views provide a more accurate picture of the trend.
Daily Listing Volume
Daily Listing Volume shows the number of cars available for sale on a particular day. If the volume is high, it can put pressure on prices to go down. In the past, there have been significant daily changes in volume, and this reflects the business strategy of each major vendor and their prediction for the rental market.
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