Auto Salvage Monthly: Market Trends and Drivers Behind [...]

The average salvage purchase price at auction steadily improved through February and has been up 5.7% since the last week of January.

January finished with a 2.5% increase in the used retail pricing index compared to December.

In December, vehicle retail pricing began slowly increasing, but salvage returns were down again.

The average purchase price of a vehicle at auction fell 8.0% from the first week of November to the first week of December.

Salvage return results were stable in October across the industry.

While the third quarter was initially mostly uneventful, September indeed flipped the script.

August was an encouraging month for salvage returns and claim handling. Average auction purchase prices increased weekly...