Luxury SUVs Depreciated More
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 the strength that remains for many of today’s car segments, with a handful of cars continuing to show some of the strongest one-month retention trends during July – a time when cars are historically supposed to begin seeing heavier depreciation heading into the late summer months.
“Wholesale markets values are steady as dealers continue to stock up on inventory for used vehicles due to strong retail,” said Anil Goyal, Executive Vice President, Operations.
Collectibles: The arrival of August means one thing to exotic car collectors: Monterey. What started out as one the country’s most important car shows, the Pebble Beach Concours d’Elegance, has grown into a week of heaven on Earth for classic and exotic car collectors and aficionados.
Recreational Vehicles: The average selling price of towables at auction last month jumped by eleven and a half percent, notching an all-time high at $14,804.
Powersports: As summer winds down, the powersports market has started its downward slide in values for most segments as we head into the fall, with street bikes leading the way.
Heavy-Duty: With mileage being a bigger factor than ever if a late model Class 8 Over the Road Tractor really fits a buyer’s criteria, that buyer will step up and pay up.
Medium-Duty: In July we saw greater depreciation than expected as new inventory continues to put downward pressure on the Medium Duty Market. Deliveries have increased for the second half of 2018, and we expect this downward trend to continue for the next few months as new trucks continue to arrive.