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 Market Insights Report looks at the weekly retention figures, as well as a focus on three-year-old Compact Car values. The wholesale average value of a three-year old typically-equipped Compact Car jumped up by $1,694 to $10,665 (comparing 2015 MY vehicles in Nov 2018 to 2014 MY vehicles in Nov 2017). This reverses the trend seen in the past couple of years of dropping values on compact cars.
“Used vehicle value trends show typical seasonal patterns with higher depreciation. Last week, light truck values registered the highest weekly decline of the year,” said Anil Goyal, Executive Vice President, Operations, for Black Book.