Vehicle pricing guide, Black Book, has new data that shows additional truck segments may be feeling additional pricing pressure, resulting in many trucks holding their values less than they have in previous years.
Year to date, all truck segments have performed worse in comparison to the same time last year in value retention. The best performing segment with lowest depreciation this year to date is the Full-Size Crossover/SUV, which has dropped -0.20% YTD 2016 compared to -0.12% same time last year.
Here are some of the worst-performing truck segments in 2016 versus same time 2015:
- Full-Size Vans (-0.39% in 2016 vs. +0.05% in 2015)
- Compact Crossover/SUV (-0.26% vs. +0.03% in 2015)
- Full-Size Pickup (-0.35% in 2016 vs. +0.02% in 2015)
- Small Pickups (-0.28% in 2016 vs. -0.04% in 2015)
“Clearly, the sales success and consumer demand that trucks have enjoyed over the last few years will eventually catch up and we’re beginning to feel some of this tide turning in 2016,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics for Black Book. “We’re beginning to see more of this volume return to the wholesale market, which is placing pressure on truck retention strength.”
About 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 as well as the Canadian Black Book in Toronto. For more information, please visit BlackBookAuto.com or call 800.554.1026.
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