No Spring Market Lift So Far…Small Car Values Continue to Decline

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 this week’s Black Book Market Insights report, data from the month of February show that most car segments retention has generally continued to perform weaker than that of trucks. Interestingly enough, this pattern has not been entirely consistent across the board, with a few truck segments showing great weakness and some cars showing strength.

 

“With high supply and low demand of small cars, we are not seeing the typical seasonality lift in values. On the other hand, crossover/SUV segments continue to get more interest from the buyers,” said Anil Goyal, Vice President of Automotive Valuation and Analytics.

 

  • Volume-weighted, overall car values decreased by 0.31% last week. This is close to the average depreciation rate of 0.36% seen in the previous eight weeks.
  • Full-Size Car, Mid-Size Car and Near Luxury Car segments performed the best among cars segments, changing in value by 0%, -0.2% and -0.2%, respectively.
  • Volume-weighted, overall truck values decreased by 0.26% last week. This is better than the average depreciation rate of 0.36% seen in the previous eight weeks.
  • All non-luxury Crossover/SUV segments performed well, declining less than 0.22% last week. Full-Size Van values rose a little by +0.12%.

 

 

  

Click here to download the full report

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