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 illustrates the strength of the spring market, where several mid-size cars and van segments showed a marked increase. The report also shows how values of used luxury cars have declined consistently over the last three years. On the other hand, the values of pickup trucks have gone up over the same time frame. Interestingly, the average three-year old full-size pickup is now as expensive as a three-year old luxury car.
“The spring market is here. Led by mid-size cars and minivans, the used vehicle market showed a seasonal lift last week,” said Anil Goyal, Executive Vice President, Operations for Black Book.