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 where the market is demonstrating expected seasonal depreciation trends currently with car prices falling slightly more than trucks, SUVs and CUVs. The report also highlights the latest Black Book Vehicle Retention Index, showing where it increased slightly in June.
“Depreciation rates have remained consistent during the last four weeks for both car and light truck segments. The used vehicle market is relatively strong for this time of the year,” said Anil Goyal, Executive Vice President, Operations.
- Volume-weighted, overall car segment values decreased by 0.34% last week. In comparison, the values had decreased at a similar rate per week during the previous four weeks.
- Among car segments, Compact Cars, Sporty Cars, and Premium Sporty Cars depreciated the least last week.
- Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.25% last week. In comparison, the values had decreased at a similar rate per week during the previous four weeks.
- Among truck segments, Compact Vans, Minivans, and Compact Luxury Crossover/SUVs decreased the most last week.
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.