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 offers insight into last week’s vehicle retention trends, where a handful of truck segments showed strong retention versus that of cars. What’s more, the report illustrates segment retention strength, with Compact Crossover SUVs showing significant price strength against the rest of the market.
“Depreciation increased on both cars and light trucks. Car segments saw the highest weekly depreciation in seven weeks; however, prices in the Houston-area market remain elevated,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car segment values decreased by 0.50% last week, worse than the average weekly decrease of 0.36% in values over the previous four weeks.
- Sub-Compact Car, Compact Car and Full-Size Car segments performed the best while Luxury Car and Premium Sporty Car segments declined the most.
- Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.26% last week, worse than the average weekly decrease of 0.15% in values over the previous four weeks.
- Luxury Crossover/SUV generally performed the worst among truck segments.
Author: Black Book
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