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.

 

Black Book analyzed the depreciation trends from the previous three months and identified some interesting trends (chart below). Not surprisingly, trucks dominated the lighter side of the depreciation chart, while smaller cars showed heavier depreciation. Of particular interest is the position of Compact Crossovers and Full-Size Crossovers, which are showing larger depreciation changes compared with the average truck segment.

 

“Decline in values across car segments are in line with the trends over the last twelve weeks. Passenger Mini Vans experienced a steep decline while SUVs continued to hold value,” said Anil Goyal, Vice President of Automotive Valuation and Analytics.

 

  • Overall, the volume-weighted car values decreased by 0.42% last week. This is similar to the average depreciation rate seen in the previous twelve weeks.
  • Segments that performed relatively well last week include Near Luxury Car, Entry Mid-Size Car, Premium Sporty Car and Sporty Car declining by only 0.05%, 0.17%, 0.23%, and 0.24%, respectively.
  • Overall, the volume-weighted truck values decreased by 0.30% last week. This is slightly higher than the average depreciation rate seen in the previous twelve weeks.
  • Passenger Mini Vans saw the largest decline at 1.03%. Compact SUV and Full-Size Vans performed well with little change from last week.

 

 

 

Click here to download the full report.

 

Views: 29

Comment

You need to be a member of DealerELITE.net to add comments!

Join DealerELITE.net

© 2024   Created by DealerELITE.   Powered by

Badges  |  Report an Issue  |  Terms of Service