Used Vehicle Values Stable 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 both car and truck values remaining relatively stable from last week. Out of both segments, six vehicle categories maintained their values as depreciation was unchanged, with one additional vehicle category, Full-Size Vans, increasing its value by 0.01%.
“Wholesale prices remained stable last week as dealers reported good sales during the Fourth of July weekend. Bidding was active in the auction lanes for clean vehicles,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car segment values decreased by just 0.17% last week, better than the average weekly decrease of 0.31% in values over the previous four weeks.
- Mid-Size Car, Full-Size Car and Prestige Luxury Car segments declined the most by 0.28%, 0.28%, and 0.25%, respectively.
- Volume-weighted, overall truck segment (including pickups, SUVs and vans) values decreased by only 0.05% last week, better than the average weekly decrease of 0.16% in values over the previous four weeks.
- Full-Size Luxury Crossover/SUV and Sub-Compact Luxury Crossover declined the most among truck segments by 0.14% and 0.11%, respectively.
Author: Black Book
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