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: 5

Comment

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

Join DealerELITE.net

Latest Activity

Profile Icon via Twitter
Checking out "Bobby Compton ~ Motivational Listener" on @dealerELITE: https://t.co/wi33cjLTpz
Twitter1 hour ago · Reply · Retweet
Profile Icon via Twitter
Twitter2 hours ago · Reply · Retweet
Bobby posted a video

Bobby Compton ~ Motivational Listener

Moreover, look for able men from all the people, men who are trustworthy and hate a bribe, and place such men over the people as chiefs of thousands, of hund...
6 hours ago
Bill Wittenmyer posted a video

Witt's Wise Words: Super Workers vs Supervisors

Bill Wittenmyer shares the difference between super workers and supervisors in this week's episode of Witt's Wise Words. To read the full article, click here...
6 hours ago
Scot Eisenfelder's blog post was featured
8 hours ago
Daniel Ross posted a blog post

Males's Socks - Picking Design and Comfort

The most fundamental of all men's devices, and the one utilized for convenience as well as style is…See More
yesterday
Profile Icon via Twitter
RT @Haydenfilms: Don't waste time on wasting time. Get your copy of #TheoryOfFive, written by our longtime friend and colleague, Mr. Chris…
Twitteryesterday · Reply · Retweet
Samuel posted a blog post

Free Alternatives to Adobe Photoshop

Photoshop is an impressive piece of software, but it comes with quite a high price. If you're an…See More
Saturday
Profile Icon via Twitter
RT @Automotive_News: Twitter appoints Google's Guy Schueller as new industry director of automotive https://t.co/fLE01oyHSE https://t.co/CZ
TwitterSaturday · Reply · Retweet
Profile Icon via Twitter
RT @Automotive_News: GM confirms Buick Cascada dead after 2019 model https://t.co/MM58g7AX7K https://t.co/bL6Soqdcsq
TwitterSaturday · Reply · Retweet
Profile Icon via Twitter
RT @ChrisBSaraceno: Another Awesome Leadership Article by @DaveAnderson100 A must reader for ALL leaders https://t.co/OSv0KXyEp7
TwitterSaturday · Reply · Retweet
Profile Icon via Twitter
TwitterSaturday · Reply · Retweet
Profile Icon via Twitter
RT @ChrisBSaraceno: My Friend John Waring Ready for his TheoryOf5 Journey #winning #believe #autotrader #prosperity #success #family #marr
TwitterSaturday · Reply · Retweet
Profile Icon via Twitter
RT @womendrivers: Half of women who are shopping for a new car are going to 3 dealers - almost 2X's the industry average. Is your #dealersh
TwitterSaturday · Reply · Retweet
Profile Icon via Twitter
RT @Cliff_Banks: In the auto industry? Time to start paying attention to analyst @DRuizG80 -- intriguing insights with a fresh perspective.
TwitterSaturday · Reply · Retweet
Tony Provost posted a video
Friday
Scot Eisenfelder posted a blog post
Friday
Bill Wittenmyer posted a video

Freebie Friday: What's the Most Important or Overlooked Task Inside the Dealership

Bill Wittenmyer shares what the most important (or overlooked) task in a dealership is and why in this edition of Freebie Friday. Read the full blog article ...
Friday
Jim Flint posted a blog post
Friday
Profile Icon via Twitter
TwitterFriday · Reply · Retweet

Get Newsletter

© 2019   Created by DealerELITE.   Powered by

Badges  |  Report an Issue  |  Terms of Service