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 cars have continued their strong spring cadence of sales and auction activity. The majority of smaller car segments, along with midsize cars, again saw price increases this past week, while just a few truck segments saw increases. The report also highlights how truck interest and incentives may have a consequential effect on used truck values in the future.
“The Spring market surge continues for small and mid-size cars while most truck segments see a decline,” said Anil Goyal, Executive Vice President, Operations.
- Volume-weighted, overall car segment values increased by 0.24% last week. In comparison, the market values had increased on average by 0.25% per week in the previous two weeks.
- In cars, Compact Car, Mid-Size Car, and Sporty Car segments increased the most in value last week.
- Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.12% last week. In comparison, the market values had decreased on average by 0.20% per week in the previous four weeks.
- In trucks, Sub-Compact Crossover and Compact Van segments registered the most increase in value last week.
Author: Black Book
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