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 offers a glimpse into segment depreciation trends over the last 12 months. Luxury segments show the highest depreciation rates with depreciation in the last 12 months with over 16% in each segment. On the other hand, small pickups, commercial vans and compact cars have the lowest depreciation. Today’s report also offers the latest insights into Specialty Markets trends.
“Used car depreciation rates are now showing normal patterns for this time of the year after strong retention in summer,” said Anil Goyal, Executive Vice President, Operations, for Black Book.
Collectibles: This is normally the time of year when we look back on the year’s auctions and start talking about what we think will happen out in Arizona in January.
Recreational Vehicles: The average selling price of motorized units at auction last month increased nearly nine percent, which comes in at the third highest amount ever.
Powersports: November brings with it a couple of surprises. At a time when all Powersports segments except Snowmobiles should be depreciating, both the Scooters and ATVs have gained a little bit in value.
Heavy-Duty: Both buyers and sellers are watching the market closely, as neither side wants to miss out on getting either the truck they desire or the highest price for the units they have to remarket.
Medium-Duty: Used Truck prices remain stable through October as demand for units in this segment continue to increase due to increases as freight and construction industries continue to thrive.