Reports of Increasing No-Sales at Auctions
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 reveals an increase in slow and no-sales days at auctions across the country. This week’s report also takes a comparison look at this year’s weekly gas prices versus price trends from last year, showing relative price stability at $2.30 over the last six months.
“Small cars continue to experience higher depreciation levels. Sporty cars have shown high declines in the last four weeks, in line with the seasonal trend,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume weighted, overall car segment values decreased by 0.57% last week, lower than the depreciation rate of 0.72% seen in the previous four weeks.
- Compact Car, Sporty Car and Sub-Compact Car segments declined the most by 1.22%, 1.06% and 0.86%, respectively.
- Volume-weighted, overall truck segment (including pickup, SUVs and vans) values decreased by 0.36% last week, lower than the depreciation rate of 0.58% seen in the previous four weeks.
- Compact Van and Compact Luxury Crossover/SUV segments declined the most by 1.65% and 1.32%, respectively.
Quarterly Depreciation in Truck Segments (7/1/16-10/1/16)
Gasoline prices have remained stable in the last six months, hovering around $2.30. The prices in the last 12 month period are lower than the prior year.
Author: Black Book
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