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 an increase in wholesale vehicle depreciation, especially in the car segments. Although cars had a higher depreciation percentage overall, the Compact Van category for trucks saw the highest depreciation out of all vehicle categories with a -1.74% decline in value.
“The wholesale vehicle market experienced broad declines last week across most vehicle segments,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car segment values decreased by 0.58% last week, higher than the average weekly decrease of 0.43% in values over the previous four weeks.
- Prestige Luxury Car, Sporty Car and Sub-Compact Car segments declined the most by 1.03%, 0.89% and 0.78%, respectively.
- Volume-weighted, overall truck segment (including pickups, SUVs and vans) values decreased by 0.40% last week, higher than the average weekly decrease of 0.28% in values over the previous four weeks.
- Compact Van and Small Pickup segments declined the most among truck segments by 1.74% and 1.46%, respectively.
Author: Black Book
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