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 shows car and truck segments with almost the same overall depreciation trend this past week. The report also highlights car and truck retention dating back to the end of February, illustrating how cars have shown a stronger overall retention rate for most of the year.
“The overall used vehicle market is doing extremely well, bucking the seasonal trend seen in previous years. This time last year, the weekly drop in values was five times the rate seen today,” said Anil Goyal, Executive Vice President, Operations, Black Book.