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 sheds light on car and truck depreciation trends that have been showing more seasonality as of late. The report also highlights three-year retention rates of Near-Luxury Cars, which have been declining on Near Luxury Cars as supplies from off-lease have risen while demand has declined due to rising competition from mainstream models.
“Used vehicle values are finally experiencing normal depreciation trends for this time of the year, after being unusually strong since Spring,” said Anil Goyal, Executive Vice President, Operations, for Black Book.