Car and Trucks Experiencing Softening in Fall Market

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.

 

Black Book recognizes that depreciation patterns for cars and trucks have remained constant over the past several months, with cars facing heavier price declines than trucks in most segments. However, it’s interesting to note that Luxury, Near-Luxury and Prestige Luxury cars continue to face depreciation much lighter than the majority of other car segments.  

 

“Most car segments continue at a more accelerated depreciation rate than truck products. This will most likely continue throughout the rest of the year,” said Anil Goyal, Vice President of Automotive Valuation and Analytics.

 

  • Volume-weighted, overall car values decreased by 0.60% last week. This is the largest depreciation rate seen since the 3rd week of June.
  • The Compact Car Segment saw large depreciation this past week with a decrease of 1.27%. 
  • Volume-weighted, overall truck values decreased by 0.35% last week. This is higher than last weeks’ depreciation, but lower than two weeks ago.
  • Compact Pickup and Full-Size CUV segments saw the largest dollar adjustments this past week with -$128 and -$135, respectively.

 

Update on the Specialty Markets

 

Collectible Cars: The collectible market continues to be strong.  Auctions featuring all types of vehicles, from pre-war American Classics to European Exotics, were well attended this past month in places as diverse as the Midwest and Great Britain. 

Recreational Vehicles: The only constant in the RV market of late has been its inconsistency. That may sound counterintuitive, but the values of motorized and towable units have not moved in the same direction since April. Once again reversing the prior month’s pattern, Motor Homes took a fairly significant hit, dropping 7.1%, while towables actually went up 1.8%. 

Powersports: ATVs and utility vehicles see unusual declines in value this month, while the on road bike segments continue to depreciate normally as we enter Fall and encounter cooler weather.

Heavy Duty Trucks: Heavy Duty Truck depreciation increases, while Heavy Duty Construction/Vocational units continue to depreciate the least.

Medium Duty: How long will we see fuel prices continue to drop and will this decline delay the purchase of more fuel efficient trucks?

 

   

Click here to download the full report.

 

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