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    [OC] Vehicle sold at action vs JD Power Benchmark
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    [OC] Vehicle sold at action vs JD Power Benchmark


    Trying to prove we have the best state run action website with my second visual of the week. Thanks for everyone's input on the first one.

    https://www.datawrapper.de/_/qapEp/ If you hover over a dot, it will isolate all those OEMs, show you the sale price, J.D. Power estimate and mileage.

    This visual covers the 431 light-duty vehicles sold by Minnesota Department of Administration Fleet last fiscal year and compares their sale prices with the J.D. Power auction benchmark. The comparison has a limitation: I only had access to J.D. Power data for the final month of the fiscal year, while the vehicles were sold throughout the 12-month period. Because vehicles depreciate over time, applying the year-end benchmark to vehicles sold earlier in the year likely overstates how much their sale prices exceeded the benchmark. So basically, I'm tooting our horn softer…

    Why did the Transit Vans go for so much? Delivery vans after COVID were in big demand. We had them and so they went for more. If I had enough data on box trucks and delivery vans, I'd like to make a visual showing how the demand affects the price of those.

    Open to questions and feedback.

    Posted by Judge-Weak

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    5 Comments

    1. Judge-Weak on

      Data is from [MNBID.MN.GOV](http://MNBID.MN.GOV) and JD Power. I used Datawrapper and ChatGPT to build. The JD Power info is on a pay to access basis, but I can share what I was working off of if you want to check my data.

    2. Uptons_BJs on

      If I understand this correctly, this is because JD Power tracks the auctions that only dealers have access to, while everyone has access to government auctions right?

      So the price gap between the government website and the JD power stats is well, the dealer profit margin?

    3. smauryholmes on

      Interesting. Could be seen as evidence of the Winner’s Curse economic principle, and/or the gap could represent dealer profit margins on dealer-sold cars.