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 that the market may be reaching the pinnacle of the spring season, with data that show increased values for all non-luxury car segments last week. The report also highlights three-year retention trends on luxury cars, which have clearly been impacted by higher supply in the market.
“All the non-luxury car segments and lower-valued crossovers show very strong demand as active bidding by dealers continues in the auction lanes with few no-sales,” said Anil Goyal, Executive Vice President, Operations.
- Volume-weighted, overall car segment values remained flat last week. In comparison, the market values had decreased on average by 0.16% per week in the previous four weeks.
- In cars, Near Luxury, Luxury and Prestige Luxury Car segments decreased the most in value last week.
- Volume-weighted, overall truck segment (including pickups, SUVs and vans) values decreased by 0.27% last week, same as the average decrease seen in the previous four weeks.
- In trucks, Sub-Compact Crossover and Compact Van segments increased in value last week.
Author: Black Book
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