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 cars overall dropping in value by a record -0.78%. Mid-Sized Cars saw the highest depreciation with a -1.18% decrease in value. Conversely, Small Pickups in the truck segment performed the best out of all vehicle categories, maintaining their value from last week.
“The last full week of 2017 saw the steepest decline of the year in the overall car segment,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car segment values declined by 0.78% last week, the highest weekly depreciation rate this year.
- The Mid-size segment received the highest weekly depreciation rate at 1.18%, followed closely by the Compact segment at 0.93%.
- Volume-weighted, overall truck segment (including pickups, SUVs and vans) values declined by 0.54% last week. In line with the average weekly adjustment of 0.57% over the previous four weeks.
- The Sub-Compact Luxury Crossover segment performed the worst, decreasing by 1.38%.
Collectible Cars: We’ve been looking forward to it for months, and Arizona Auction Week is now here. Hundreds of thousands of collectors, enthusiasts, and dealers are on their way to sunny Scottsdale to attend auctions hosted by Barrett-Jackson, Russo and Steele, RM Sotheby’s, Bonham’s, Gooding, Silver, and Worldwide.
Recreational Vehicles: Last month we noted that the values for towable and motorized units had moved in different directions for the first time in several months.
Powersports Markets: The Powersports Market is entering the New Year on a positive note. Most of the segment changes are fairly modest this month, with both Cruisers and Off-Road bikes up a bit, marking an early beginning for the Spring selling season.
Heavy Duty: Key factors for late model HD Value Retention has always been Condition, Mileage and Good Specs, but those attributes play a factor now more than ever.
Medium Duty: The Medium Duty wholesale market continues its downward trend as we get ready to open the doors to 2018. This past month Late Model units (2015-2016) dropped a weighted average of $296 (0.6%), which is less than the previous five months.
Author: Black Book
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