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 mainstream sedans have had in the market, coupled with the effects of increased SUV inventory over the last few years, perhaps signaling a possible swinging of the pendulum for cars and SUVs. The report also offers the latest insights in the specialty markets.
“Used sedans are hot in the market as value-conscious consumers look for affordable transportation,” said Anil Goyal, Executive Vice President, Operations, Black Book.
Collectibles: With a cumulative total of nearly $370,000,000, it’s safe to say that Monterey 2018 was a success.
Recreational Vehicles: The average selling price of towables at auction last month crept up about one a half percent, reaching another all-time high at just over $15,000.
Powersports: All segments are down this month in the Powersports market. Most of these are normal seasonal drops, but a few normally strong fall vehicle segments are also down a bit more than is typical for the time of year.
Heavy-Duty: New Heavy-Duty Truck Orders are being delivered although the turn-in units are not showing up at auction at the same rate.
Medium-Duty: The used market remains strong despite new inventory adding some downward pressure to wholesale prices.