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 illustrates where cars saw larger-than-normal depreciation last week, especially with the spring selling season right around the corner. The report also highlights 2015 MY segment retention, with Small Pickups holding 72.9% of their value, the strongest of any vehicle segment.
“The depreciation rate on car segments increased while strong sales volumes with more supply were reported at the auto auctions,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car segment values decreased by 0.76% last week, higher than the average weekly decrease of 0.60% in values over the previous four weeks.
- Compact Car, Mid-Size Car, and Near Luxury Car segments decreased in value the most among all the car segments.
- Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.48% last week, better than the average weekly decrease of 0.57% in values over the previous four weeks.
- Sub-Compact Crossover, Minivan, and Mid-Size Crossover/SUV segments decreased in value the most 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.