Most Segments Decline at a Steady Rate
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 spotlights the Full-Size Pickups segment, which has shown just a slight depreciation curve over the last 16 weeks. What’s interesting here is that a year ago during the same time, this segment showed stronger retention with an increase in value in the same time period.
“Luxury car values decreased at a steeper rate than mainstream brand cars, while pickup trucks continue to show retention strength. Several locations reported slower sales and low attendance at auctions,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car values decreased by 0.53% last week. This is higher than the average depreciation rate of 0.43% seen in the previous four weeks.
- Luxury Cars led the decline by 0.85% followed by Near Luxury Car and Sub-Compact Car segments declining at 0.79% and 0.77%, respectively.
- Volume-weighted, overall truck values decreased by 0.37% last week. This is similar to the average depreciation rate of 0.35% seen in the previous four weeks.
- Pickups and Full-Size Crossover/SUV retained good values.
Author: Black Book
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