Luxury Segments Dropped and Pickups Values Increased

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 the persistence of the spring market, where cars again outperformed trucks on retention this past week. The report also spotlights the latest trends from the Black Book Retention Index, where the Index has now declined for five straight months from the highs achieved last year. Small sedans continue to be strong in the used market.

“Prices barely moved last week as the consignors held on to the floors. The demand for used vehicles continues to be strong,” said Anil Goyal, Executive Vice President, Operations for Black Book.

 

  • Volume-weighted, overall car segment values decreased by 0.08% last week. In comparison, the market values had increased by 0.18% on average during the prior 4-week period.
  • In cars, the values of Luxury Cars and Prestige Luxury Cars decreased the most, by 0.41% and 0.49%, respectively.
  • Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values increased by 0.09% last week. In comparison, the market values were up by 0.11% on average during the prior 4-week period.
  • In trucks, the values of Small Pickups and Full-Size Pickups increased the most, by 0.55% and 0.32%, respectively.

 

Click here to download the full report.

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