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 used vehicles across most segments depreciating at a steady rate, with the report spotlighting Compact Car retention trends dating back to 2005. Only two vehicle segments, Compact Vans and Sub-Compact Luxury Crossover, maintained or increased their value.
“Used vehicle prices and sale conversion rates at the auctions hold firm. Post-hurricane sales activity continues but is slowing down in the Houston region,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
· Volume-weighted, overall car segment values decreased by 0.37% last week, similar to the average weekly decrease of 0.41% in values over the previous four weeks.
· Sub-Compact Car and Compact Car segments were the best performers last week.
· Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.21% last week, similar to the average weekly decrease of 0.24% in values over the previous four weeks.
· While Minivans declined the most, there was renewed demand for Compact Vans.
Author: Black Book
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