Truck Segment Values Held Better Last Week

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 the truck segments retaining their value much better than the car segment compared with previous weeks. Two vehicle segments within the truck segment, Sub-Compact Crossovers and Compact Vans, maintained their values from the previous week.

“The market sentiment in auction lanes remains optimistic. Luxury vehicles are showing higher depreciation than mainstream brands,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.

 

·         Volume-weighted, overall car segment values decreased by 0.46% last week, higher than the depreciation rate of 0.35% seen in the previous four weeks.

·         Mid-Size Car, Prestige Luxury Car and Premium Sporty Car segments declined the most by 0.82%, 0.58% and 0.58%, respectively.

·         Volume-weighted, overall truck segment (including pickup, SUVs and vans) values decreased by 0.27% last week, lower than the depreciation rate of 0.34% seen in the previous four weeks.

·         Full-Size Crossover/SUV and Full-Size Pickup segments declined the most by 0.44% and 0.38%, respectively.

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