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 car segments overall depreciating more than trucks, with Compact Cars seeing their highest depreciation in the past 26 weeks. Conversely, Small Pickups actually increased in value by 0.49%. The report also offers the latest Specialty Market trends this month.
“Small cars and sub-compact crossovers declined the most last week. Car segments experienced the highest depreciation so far this year in November” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car segment values declined by 0.66% last week. In comparison, car values decreased on average by 0.57% per week in the previous four weeks.
- In cars, Sub-Compact Car and Compact Car segments performed the worst, decreasing by 1.12% and 0.86%, respectively.
- Volume-weighted, overall truck segment (including pickups, SUVs and vans) values declined by 0.34% last week. In comparison, truck values decreased on average by 0.43% per week in the previous four weeks.
- In trucks, Sub-Compact Crossover segment performed the worst decreasing by 1.38%.
Specialty Markets Report
Collectible Cars: Although Scottsdale is seemingly right around the corner, and we’re being teased almost daily by breathless emails from auction houses about the important cars that will be offered, there has also been strong activity in the affordable section of the spectrum.
Recreational Vehicles: For the first time in several months, the values of motorized units and towables have moved in different directions.
Powersports: Snowmobiles lead the way this month with a nearly 6% increase in value as we head into the colder months.
Heavy-Duty: Late Model Over the Road Tractors have leveled off while the older year models have been up and down but depreciating more since early summer.
Medium-Duty: The Wholesale Market continues its downward trend; however, some Older Models have stabilized.
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.