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 the early stages of the spring selling season, with cars holding retention better than trucks. The report also showcases the latest Black Book Retention Index, which fell -0.9% in January to 113.1 as the market depreciation increased following months of post-hurricane activity late last year.
“Market performance is the best so far this year with improving sales rates at auto auctions and tax-season vehicles fetching good prices,” said Anil Goyal, Executive Vice President, Operations.
- Volume-weighted, overall car segment values decreased by 0.20% last week, much better than the average weekly decrease of 0.58% in values over the previous four weeks.
- Compact Car segment performed the best among all car segments with values holding still from last week.
- Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.35% last week, slightly better than the average weekly decrease of 0.46% in values over the previous four weeks.
- Full-Size Crossover/SUV and Full-Size Luxury Crossover/SUV segments performed the best among all the truck segments.
Author: Black Book
Black Book® is best known in the automotive industry for providing timely, independent and accurate vehicle pricing information, and is available to industry-qualified users through online subscription products, mobile applications and licensing agreements. A leading provider since 1955, Black Book has continuously evolved to ensure that it achieves its goal of delivering mission-critical information to its customers, along with the insight necessary to successfully buy, sell, and lend. Black Book data is published daily by National Auto Research, a division of Hearst Business media, and the company maintains offices in Georgia, Florida, and Maryland. For more information, please visit BlackBookAuto.com or call 800.554.1026.