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 a continuation of early spring season, with many car segments unchanged in their depreciation levels last week, compared with trucks, which saw larger price declines during the week. The report also illustrates three-year retention rates on Full-Size Pickups.
“Tax season demand is starting to show up at the auto auctions as lower value vehicles hold prices well,” said Anil Goyal, Executive Vice President, Operations.
- Volume-weighted, overall car segment values decreased by 0.23% last week, much better than the average weekly decrease of 0.47% in values over the previous four weeks.
- Compact Car, Sub-Compact Car, Mid-Size Car, and Full-Size Car segments 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 0.43% last week, similar to the average weekly decrease of 0.45% in values over the previous four weeks.
- Compact Van, Small Pickup, Full-Size Van, and Compact Crossover/SUV segments performed the best among all the truck segments.
Author: Black Book
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