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 illustrates the continued strength displayed by a handful of car segments, such as Subcompact, Compact, and Sporty Cars. The report also shows where lease penetration in 2017 may have reached its highest level, and now may be facing a pullback along with the slipping new-car sales.
“The Spring Market continues, especially for small cars and older units. Sporty Cars are also starting to experience a seasonal lift in demand as warmer weather arrives,” said Anil Goyal, Executive Vice President, Operations.
- Volume-weighted, overall car segment values declined by only 0.14% last week. In comparison, the market values had decreased on average by 0.18% per week in the previous four weeks.
- In cars, the Sporty Car and Sub-Compact Car segments performed the best, with values increasing by 0.20% and 0.08% respectively last week.
- Volume-weighted, overall truck segment (including pickups, SUVs and vans) values decreased by 0.22% last week, better than the average decrease of 0.30% per week in the previous four weeks.
- In trucks, the Full-Size Luxury Crossover/SUV and Compact Van segments performed the worst with values declining by 0.66% and 0.47% respectively 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.