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 depreciation trends may be showing early signs of spring, with two truck segments actually showing no depreciation last week. The report also highlights all the specialty vehicle trends, as well as a look at residual value forecasts, which remain strong on pickup trucks while luxury cars and sub-compact cars show relative weakness.

“We are starting to see a normalization in depreciation after higher drops at the start of the year. Both car and light truck segments are showing stability in values,” said Anil Goyal, Executive Vice President, Operations, for Black Book.

 

  • Volume-weighted, overall car segment values decreased by 0.56% last week. In comparison, the market values decreased by 0.65% on average during the prior 4-week period.
  • In car segments, the depreciation across segments was quite steady.
  • Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.42% last week. In comparison, the market values decreased by 0.58% on average during the prior 4-week period.
  • In truck segments, the Compact Crossover /SUV segment depreciated the most.

 

Specialty Markets

Collectibles: The final sales numbers from the collectible car auctions held in Arizona are in, and they’re impressive…the total for roughly ten days of sales was just over a quarter of a billion dollars.

Recreational Vehicles: We are solidly into winter now, and brutally cold weather has gripped large parts of the country. Although the volume of vehicles offered at auction has dropped, as we’d expect for this time of year, the values of those that were sold actually increased a little bit for both towables and motorized units.

Powersports: Powersports values are still frozen in negative territory this month. The changes in value we see for February are very similar to the changes from January.

Heavy Duty: Used trucks of all ages dropped more across all segments than last month but are still doing very well.

Medium Duty: Increased demand has helped offset price depreciation as a steady supply of used inventory continues through January.

 

Click here to download the full report.

Views: 11

Comment

You need to be a member of DealerELITE.net to add comments!

Join DealerELITE.net

Latest Activity

Simon Hopes posted a blog post

Top Five Tips for auto Intranet Setup

Setting up an intranet can be a daunting process for any business. After all, no matter how…See More
27 minutes ago
Profile Icon via Twitter
Week In Review: Use The Theory of 5 to Promote Success | Combating Rising Interest Rates, and Reducing Your Margin… https://t.co/flwEgkf6ZH
Twitter11 hours ago · Reply · Retweet
Terrel Watkins posted a blog post
14 hours ago
Joel posted a blog post

Why are Fridays Good?

For some, this is Good Friday. For others, it is TGI Friday (I don't mean the restaurant).What's…See More
yesterday
Sally Whitesell posted a blog post
yesterday
Dave Anderson posted a blog post

Leading with Level One Accountability

There are four levels of accountability in any organization, and within the departments of that…See More
yesterday
Scot Eisenfelder posted a blog post
Friday
Jim Flint posted a blog post
Friday
Cynthia Madison posted a blog post

Important considerations before buying your first car

Pollution became a matter of great importance in the past few years, considering the impact it has…See More
Friday
Bill Wittenmyer posted a video

Freebie Friday: How to Combat Flat Vehicle Sales

Bill Wittenmyer explains why dealerships shouldn't be afraid of slowing vehicles sales and the actions they can take to remedy that in this episode of Freebi...
Friday
Andy Church posted a video

Profit By Action Quick Tip: Prospecting

Sales people are not order takers. It is your responsibility to understand that your sales process starts with PROSPECTING, not the meet and greet. This Prof...
Friday
Yogesh Sashi posted blog posts
Friday
Jeff Cowan posted a blog post

Write Service Podcast: Episode 64- Holidays, Events, and Excuses

This week, Jeff covers three points about this maximizing this upcoming season of holidays and…See More
Thursday
Jeff Giere posted blog posts
Thursday
Brett Sutherlin posted a video
Thursday
Stella Lemon posted a blog post

Bike Information with Bike Owner Details

Check bike information and registration details with Owner Details, RTO, Insurance, Make model,…See More
Thursday
John Sternal posted a blog post

Swapalease.com Announces Its Top Vehicles for The Summer

Users Voted on What They Believe are the Top Vehicles for the Summer Months Based on…See More
Wednesday
Damian Boudreaux posted a blog post
Wednesday
Michia Rohrssen posted a blog post
Wednesday
Timmy D. James posted a blog post
Wednesday

Get Newsletter

© 2019   Created by DealerELITE.   Powered by

Badges  |  Report an Issue  |  Terms of Service