Cars and Light Truck Depreciation Increases

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 takes a look at the latest Black Book Retention Index chart, which shows how mid-size sedans have fallen out of favor in new vehicle sales but this segment has been one of the strongest in used vehicle values this year after being beaten down for several years. Affordability and great deals on used mid-size cars were key in driving this trend.

“Used vehicle depreciation worsens as Mid-Size Cars and Compact Crossover/SUVs see the largest weekly drop this year,” said Anil Goyal, Executive Vice President, Operations, for Black Book.

 

  • Volume-weighted, overall car segment values decreased by 0.69% last week. In comparison, the market values had decreased by 0.56% on average during the prior 4-week period.
  • In cars, the Mid-Size Car segment experienced the biggest drop.
  • Volume-weighted, overall truck segment (including pickups, SUVs and vans) values decreased by 0.53% last week. In comparison, the market values had decreased by 0.45% on average during the prior 4-week period.
  • In trucks, the Compact Van segment performed the worst.

 

Click here to download the full report.

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