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 momentum picking up steam in the early weeks of the spring selling season, with prices rising on Sub-Compact Cars, Compact Cars, and prices unchanged on Mid-Size Cars. The Black Book Retention Index illustrates how recent retention rates on Sub-Compact Cars have made it a good value for buyers.
“Spring market demand is in full swing with lower value vehicles selling the best last week,” said Anil Goyal, Executive Vice President, Operations.
- Volume-weighted, overall car segment values decreased by 0.18% last week, much better than the average weekly decrease of 0.34% in values over the previous four weeks.
- Sub-Compact Car segment performed the best among all car segments with values going up by +0.31% last week.
- Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.21% last week, much better than the average weekly decrease of 0.44% in values over the previous four weeks.
- Small Pickup and Full-Size Pickup segments performed the best among all the truck segments.
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.