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 car values in particular showed some of their highest value declines in the last four months, with segments such as Luxury and Compact Cars leading the way. Conversely, Sporty Cars was the only segment out of all cars and trucks to still show a price increase.
“As the weather warms up, widespread seasonal declines begin to show in used vehicle values across most segments,” said Anil Goyal, Executive Vice President, Operations.
- Volume-weighted, overall car segment values decreased by 0.38% last week. In comparison, the values had decreased on average by 0.20% per week in the previous four weeks.
- Among car segments, Luxury Cars decreased the most while Sporty Cars increased the most last week.
- Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.24% last week. In comparison, the values had decreased on average by 0.09% per week in the previous four weeks.
- Among truck segments, Full-Size Vans 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.