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 offers a special focus on 12-month depreciation trends for all segments, with Small Pickups showing the strongest retention at -5.3% and Sub-Compact Luxury CUVs showing he greatest depreciation at -18.8%. This week’s report also offers the latest trends in the Specialty Markets.
“Overall, wholesale market values were relatively steady last week with the exception of some luxury and sporty car segments,” said Anil Goyal, Executive Vice President, Operations, for Black Book.
Collectible Cars: When Smokey and the Bandit was released, performance cars were at a low point, and the Pontiac Trans Am was really the only one still in the game. The exposure it received revitalized the entire genre and made fast cars ‘cool’ again, leading to a resurgence we are still enjoying to this day.
Recreational Vehicles: The average selling price of towables at auction last month dropped nearly ten percent, which is a surprise, given their recent market trends. However, it’s important to note that they are still above where they were three months ago, and roughly the same as they have been for most of the year.
Powersports: Overall pricing in the Powersports market is mostly steady this month, with several segments that normally decline this time of year actually being up a little bit.
Heavy-Duty: Buyers with equipment needs continue to pay up for the good spec low mileage trucks, but they need to be more flexible as the real low mileage trucks become rare.”
Medium Duty: We’ve seen less depreciation on the older units mainly due to a limited supply and increased demand.