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 Sub-Compact Crossovers depreciating the most out of cars and trucks last week. The vehicle category dropped -1.18% in value. The report also illustrates how much incentives have been rising lately.
“Cars continued to depreciate at a steady rate while most SUV segments did better in the second week of the year. Generally, activity was reported to be slow in the auto auctions,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car segment values decreased by 0.63% last week, similar to the average weekly decrease of 0.61% in values over the previous four weeks.
- Full-Size Car, Sub-Compact Car, and Sporty 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 0.39% last week, better than the average weekly decrease of 0.63% in values over the previous four weeks.
- Sub-Compact Crossover, Full-Size Van, and Minivan segments decreased in value the most among all the truck segments.
Author: Black Book
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