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 more SUVs dropping in price last week. Sub-Compact Luxury Crossovers saw the most depreciation out of all segments, decreasing in value by -1.53%.
“Used vehicle values are holding well considering it is middle of July when we normally start to see a steeper seasonal drop,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car segment values decreased by 0.34% last week, higher than the average weekly decrease of 0.27% in values over the previous four weeks.
- Sub-Compact Car, Mid-Size Car and Luxury Car segments declined the most by 0.53%, 0.53% and 0.48%, respectively.
- Volume-weighted, overall truck segment (including pickups, SUVs and vans) values decreased by 0.30% last week, higher than the average weekly decrease of 0.14% in values over the previous four weeks.
- Full-Size Pickup was the best performing truck segment while the Sub-Compact Luxury Crossover segment declined the most.
Author: Black Book
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