Most Segments Showed Good Retention 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 relatively mild depreciation last week among the majority of car and truck segments. In fact, Sporty Cars, along with some vans, pickups and utilities, saw an increase in value during the week. A handful of dealers across the country feel prices will hold relatively steady until July.
“Most vehicle segments showed fairly stable values last week except for luxury cars and compact vans, which declined at a steeper pace,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car values decreased by only 0.16% last week. In comparison, this is better than the average depreciation rate of 0.22% seen in the previous six weeks.
- Luxury Car and Prestige Luxury Car segments experienced the most drop in value of 0.72% and 0.51%, respectively.
- Volume-weighted, overall truck values changed very little last week. The trends in the last six weeks have been relatively flat as well.
- Compact Van segment showed the largest drop at 1.59%.
Author: Black Book
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