No Major Surprises in Market Movement Last Week
Welcome to this week’s edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full report.
This week’s Black Book Market Insights report shows that car segments depreciated at nearly double the percentage of trucks this past week. Also, Mid-Sized Car segments and Compact Crossover/SUV segments saw the greatest depreciation during the week.
“The wholesale market values continue to depreciate at a humdrum pace as dealers report slow sales in retail,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics
- Volume-weighted, overall car values decreased by 0.47% last week. This is similar to the average depreciation rate of 0.46% seen in the previous four weeks.
- In car segments, Mid-Size Car segment declined the most, dropping by 0.91%.
- Volume-weighted, overall truck values decreased by 0.26% last week. This is slightly better than the average change of -0.35% seen in the previous four weeks.
- In truck segments, Compact Crossover/SUV segment declined the most, dropping by 0.48%.
Specialty Markets Update
Collectible Cars: The automotive events held in the middle of August on California’s scenic Monterey Peninsula have become the year’s most important gathering for high end car collectors and enthusiasts.
Recreational Vehicles: The wholesale market was very consistent last month, with motorized units and towables not only moving in the same direction, but changing very similar amounts.
Powersports: Values in the Powersports market are down across the board this month. With the end of summer upon us, many dealers have begun to draw down their inventory of street bikes as we head into the fall.
Heavy Duty: The volume of available used trucks continues to grow which insures good buys at HD Auctions for most.
Medium Duty: In the Medium Duty Truck wholesale market, we saw the older models decline more and the newer trucks decline less.
Author: Black Book
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