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 most vehicle segments increasing in depreciation during late July. Out of all car and truck segments, Full-Size Pickups retained their value the best only decreasing in value by -0.06%.
“Car values dropped sharply in the last week of July. It was the highest depreciation in car segments in twenty weeks,” 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 average weekly decrease of 0.30% in values over the previous four weeks.
· Mid-Size Car, Sporty Car, Full-Size Car and Prestige Luxury Car segments declined the most, all by about 0.65%.
· Volume-weighted, overall truck segment (including pickups, SUVs and vans) values decreased by 0.32% last week, higher than the average weekly decrease of 0.15% in values over the previous four weeks.
· Small Pickup and Compact Crossover/SUV declined the most among truck segments by 0.64% and 0.54%, respectively
Author: Black Book
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