Sub-Compact Crossovers Show Strong Retention
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 takes a comparative look at how car segments have performed year-to-date in 2016 versus the same period last year. According to Black Book data and analysis, all car segments have shown weaker retention overall YTD compared with last year. In particular, Sporty Cars, Premium Sporty Cars, and Full-Size Cars have shown some of the largest one-year changes in retention strength.
“Sub-Compact Crossovers increased the most in value last week while the car segments continue to remain weaker than trucks,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car values decreased by only 0.28% last week. This is worse than the average depreciation rate of 0.17% seen in the previous eight weeks.
- Mid-Size Cars, Compact Cars and Luxury Cars showed the most drop in value of 0.47%, 0.39% and 0.36%, respectively.
- Volume-weighted, overall truck values changed very little last week. The average depreciation rate in truck segments was 0.18% in the previous eight weeks.
- Sub-Compact Crossovers and Sub-Compact Luxury Crossover segments showed the largest increases at 0.55% and 0.57%, respectively.
Author: Black Book
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