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 how spring is taking hold of the market, as overall car retention was just slightly stronger than that of trucks. The report also spotlights Near-luxury cars, which have seen a gradual decline in retained value over the last several years. Currently, the Model Year 2016 vehicles in this segment are valued at 44.8% of original typically-equipped MSRP.
“The depreciation rates on used vehicles improved a little last week. Bidding in auction lanes was strong ahead of President’s Day,” said Anil Goyal, Executive Vice President, Operations, for Black Book.