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 illustrates the growing depreciation rates in many car and truck segments, such as Compact Cars, Sporty Cars and Mid-Size Crossover/SUVs. The report also shows how retention rates have been falling for segments such as Near Luxury Cars over the past few years.
“Last week, used car values experienced the highest depreciation since January this year – driven by rising no-sales noticed at several auto auctions,” said Anil Goyal, Executive Vice President, Operations, for Black Book.