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 some possible early signs of the spring selling season, with cars showing lower depreciation than trucks. The report also spotlights retention trends of three-year-old Mid-Size Cars over the last few years, as well as this month’s Specialty Report.
“It was a good week for mainstream car segments as tax season buying has begun with strong sales being reported at the auctions said Anil Goyal, Executive Vice President, Operations.
- Volume-weighted, overall car segment values declined by 0.34% last week. In comparison, the market values had decreased on average by 0.64% per week in the previous four weeks.
- In cars, Mid-Size Car segment performed the best, with values remaining nearly flat to last week.
- Volume-weighted, overall truck segment (including pickups, SUVs and vans) values decreased by 0.50% last week, same as the average decrease of 0.50% per week in the previous four weeks.
- In trucks, Full-Size Crossover/SUV segment performed the worst with values declining by 1.13% last week.
Collectible Cars: January is considered a bellwether month for the collectible car industry, and this year did not disappoint! Mecum got the ball rolling with nearly $100,000,000 in total sales in Kissimmee, and the usual Arizona players kicked in nearly $250,000,000 more.
Recreational Vehicles: RV values at auction, both motorized and towable, were very stable last month, with changes of less than two percent.
Powersports: February brings a mixed bag to values in the Powersports market. After last month’s above average market performance for the time of year, only the Cruiser and Snowmobile segments exhibit gains for a second consecutive month.
Heavy Duty: The word in January that there was a shortage of trucks available to haul freight apparently caused an already volatile value trend to take an upward swing resulting in strong wholesale values.
Medium Duty: Overall, the Medium Duty market stabilized during the last couple of months of 2017 and that trend continues for the first part of 2018.
Author: Black Book
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