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 is showing a little strengthening in the market, most likely due to dealers looking to begin replacing damaged or destroyed vehicles caused by Irma. The report also showcases the latest Black Book Retention Index.
“Dealers are actively looking to buy inventory and shipping vehicles to the Houston area, anticipating strong demand due to replacement of damaged units,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car segment values decreased by 0.27% last week, better than the average weekly decrease of 0.49% in values over the previous four weeks.
- Prestige Luxury Car and Near Luxury Car segments declined the most by 0.62% and 0.46%, respectively.
- Volume-weighted, overall truck segment (including pickups, SUVs and vans) values decreased by 0.15% last week, better than the average weekly decrease of 0.33% in values over the previous four weeks.
- Sub-Compact Crossover segment declined the most among truck segments by 0.66%.
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.