Small Cars and Crossovers Performed Better while Luxury Vehicles Dropped More
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 small cars and crossovers performing better than luxury vehicles in the car segment. But overall, vehicles in the truck segment are still retaining their values better with three segments increasing their value as much as 0.42%.
“Small cars and crossovers performed the best among all segments last week, driven by higher interest from tax season buyers,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car segment values decreased by 0.54% last week, higher than the depreciation rate of 0.37% seen in the previous four weeks.
- Prestige Luxury Car, Luxury Car and Near Luxury Car segments declined the most by 0.91%, 0.80% and 0.56%, respectively.
- Volume-weighted, overall truck segment (including pickup, SUVs and vans) values decreased by 0.48% last week, higher than the depreciation rate of 0.28% seen in the previous four weeks.
- Minivan, Compact Luxury Crossover/SUV and Full-Size Van segments declined the most by 0.72%, 0.69% and 0.63%, respectively.
Author: Black Book
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