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.

 

In analyzing this past week’s market activity, Black Book is noticing that depreciation is picking up across the board for both cars and trucks. Especially for trucks, the average depreciation last week changed -0.46%, the largest drop for trucks in nearly a year indicating that the fall price declines might finally be in full gear.

 

“It’s beginning to feel like fall and along with the decreasing temperatures outside, we are seeing decreasing values across all our segments,” said Anil Goyal, Vice President of Automotive Valuation and Analytics.

 

  • Overall, the volume-weighted car values decreased by 0.51% last week. This is the highest depreciation rate seen since the third week of July.
  • Segments that suffered the largest depreciation last week include Upper Mid-Size Car, Entry Level Car and Full-Size Car with declines of -0.89%, -0.88%, and -0.75%, respectively.
  • Overall, the volume-weighted truck values decreased by 0.46% last week. This is the largest truck segment depreciation rate seen since October 2014.
  • Compact SUV, Full-Size Cargo Van and Full-Size Passenger Vans saw depreciation greater than 1%.
  • Mid-Size SUV, Mini Van Cargo and Mini Van Passenger experienced only small decreases in value.

 

   

Click here to download the full report.

 

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