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 are seeing gains they haven’t reached in a while, with only two car segments – Luxury and Premium Sporty – declining on the week. A few truck segments also saw gains but most were in decline. This week’s report also includes a spotlight on the Specialty Markets.
“Two weeks of positive changes in car values as springtime buying continues with full force,” said Anil Goyal, Executive Vice President, Operations.
- Volume-weighted, overall car segment values increased by 0.23% last week. In comparison, the market values had increased by 0.26% in the week prior.
- In cars, all non-luxury segments performed well, with values seeing an increase.
- Volume-weighted, overall truck segment (including pickups, SUVs and vans) values decreased by 0.20% last week. In comparison, the market values had decreased by 0.19% in the week prior.
- In trucks, the Compact Luxury Crossover/SUV and Full-Size Pickup segments performed the worst.
Collectible Cars: The main events of the Amelia Island Concours d’Elegance were supported by auctions hosted by RM Sotheby’s, Bonhams, Gooding, Hollywood Wheels, and Motostalgia.
Recreational Vehicles: RV values at auction, including all towable and motorized vehicle segments, increased last month.
Powersports: After last month’s rather large, but uneven, gains, the Powersports market settles into a more typical pattern of price adjustments as spring has officially begun.
Heavy Duty: New Truck Orders, primarily Over the Road and Regional Tractors, are at a high level and lead times are increasing for the current year.
Medium Duty: This past month we saw wholesale prices drop a little more than we experienced in January and February, returning to a more normal monthly depreciation. Late model units (2015-2016) dropped an overall weighted average of $254 (0.6%).
Author: Black Book
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