Broader Declines Across Segments in Wholesale Values
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 a slight weakening in prices on Luxury and Near Luxury Cars this past week, even though demand has remained at healthy levels. The report also goes into detail about depreciation trends during the last three months, showing weak retention for sub-compact types.
“There were broader declines in the market last week across a variety of segments, including luxury cars, sub-compact cars, sub-compact crossovers and full-size pickups,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume weighted, overall car segment values decreased by 0.46% last week, better than the depreciation rate of 0.69% seen in the previous four weeks.
- Luxury Car, Near Luxury Car and Full-Size Car segments declined the most by 0.67%, 0.63% and 0.64%, respectively.
- Volume-weighted, overall truck segment (including pickup, SUVs and vans) values decreased by 0.53% last week, higher than the depreciation rate of 0.41% seen in the previous four weeks.
- Compact Van segment continued to decline higher than average, by 1.12% last week. In addition, Sub-Compact Crossover, Full-Size Pickup, and Compact Luxury Crossover/SUV also experienced higher declines.
Recent Segment Trends
The chart above shows the depreciation rates in the last 3 months across all segments. Sub-compact segments showed the worst depreciation of over 8% while pickups depreciated the least at around 2%.
Author: Black Book
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