Car segments continue to do well
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 both car and truck segments continuing to show strong retention as we get deeper into spring. Compact Cars performed the best out of all vehicle segments; on the other hand, Full-Size Vans saw the largest depreciation, dropping -0.38% in value last week.
“Wholesale markets held steady last week with strong bidding in the auction lanes resulting in most car segments improving in values,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car segment values increased by 0.16% last week. In comparison, the market showed similar performance increasing on average by 0.14% in the previous four weeks.
- Most car segments increased in value. Compact Car, Sporty Car and Full-Size Car segments gained the most by 0.50%, 0.38% and 0.33%, respectively.
- Volume-weighted, overall truck segment (including pickups, SUVs and vans) values remained steady last week. In comparison, truck values depreciated by just 0.03% in the previous four weeks.
- Minivan was the best performing segment two weeks in a row whereas Full-Size Van declined the most by 0.38%.
Black Book’s Used Vehicle Retention Index for fell -0.8% from February to 113 heading into April. The two segments showing the most significant drops based on their index calculations were subcompact cars, which fell -2.2% and Compact Crossovers, which fell -1.6%.
Author: Black Book
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