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 offers the latest evidence that the spring season has come to an end, with cars and trucks seeing similar depreciation last week. The report looks back at spring, where the mainstream sedan segments performed the best, led by Compact Cars increasing in value by over 5% in the last three months. On the other hand, Full-Size Crossover/SUVs declined by over 6%.
“The Spring market season is over as values show mild declines across the board. Mainstream sedans have been in demand in the used market even as sales declined for new sedans,” said Anil Goyal, Executive Vice President, Operations.
- Volume-weighted, overall car segment values decreased by 0.08% last week. In comparison, the values had increased on average by 0.18% per week in the previous four weeks.
- In cars, the Sporty Car segment increased the most in value by 0.38% last week.
- Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.08% last week, similar to the average drop of 0.07% per week in the previous four weeks.
- In trucks, the Compact Van segment increased the most in value by 0.97% last week.
Author: Black Book
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