Commercial Compact Vans Getting another Look after Months of Low Performance

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 car segment retaining its value better than the truck segment as a whole. However, Compact Vans increased their value by 1.17% for trucks, outperforming all other vehicle segments.

“The various car segments experienced broad market strength, particularly within compact, mid-size and full-size models.  Increased interest from dealers and higher sale percentages were noted in the auction lanes last week,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.

·         Volume-weighted, overall car segment values decreased by only 0.17% last week, lower than the depreciation rate of 0.46% seen in the previous four weeks.

·         Prestige Luxury Car and Sub-Compact Car segments declined the most by 0.99% and 0.58%, respectively.

·         Volume-weighted, overall truck segment (including pickup, SUVs and vans) values decreased by 0.36% last week, similar to the depreciation rate of 0.37% seen in the previous four weeks.

·         Compact Van values saw an increase of 1.17%. Mid-Size Luxury Crossover/SUV saw the most decline by 0.77%.

 

Black Book Retention Index for March

Take a look at the latest Black Book Used Vehicle Retention Index, with highlights this month that showcase:

  • See where March has been mostly unchanged, but that contrasts to the 6% drop over the last 12 months.
  • The Index is weighted based on registration volume and adjusted for seasonality, vehicle age, mileage, condition, segment mix and inflation (MSRP).
  • It offers an unbiased look at the used vehicle market, calculated using Black Book’s wholesale moving average of two- to six-year-old vehicles.

 

 

Click here to download the full report.

 

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