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 prices on certain cars and trucks keep dropping noticeably as we enter the summer months. A few segments, such as sporty cars and compact vans have remained strong over the last few weeks.
“The used vehicle prices are dropping faster as we enter the summer lull with increasing no-sales in the auction lanes,” said Anil Goyal, Executive Vice President, Operations.
- Volume-weighted, overall car segment values decreased by 0.24% last week. In comparison, the values had decreased on average by 0.16% per week in the previous four weeks.
- In cars, Mid-Size 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 0.17% last week. In comparison, the values had decreased on average by 0.07% per week in the previous four weeks.
- In trucks, Sub-Compact Luxury Crossovers decreased the most while Compact Vans increased the most last week.
Author: Black Book
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