Spring Market Strength in Fifth Week

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 latest trends during the current spring market, where several car segments continue to show strong week-to-week retention. The report also includes the latest trends on incentives. Auto manufacturers have remained disciplined on incentive levels in recent months. This trend could change with rising new vehicle prices and slowing retail sales.

“Broad strength in the used vehicle market continues. Last week marked the fifth consecutive week for positive adjustments to values,” said Anil Goyal, Executive Vice President, Operations for Black Book.

  • Volume-weighted, overall car segment values increased by 0.24% last week. In comparison, the market values had increased by 0.27% on average during the prior 2-week period.
  • In cars, the values of Compact Cars increased the most, rising by +0.66%.
  • Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values increased by 0.16% last week. In comparison, the market values were up by 0.09% on average during the prior 2-week period.
  • In trucks, Sub-Compact Crossovers and Compact Vans had the highest increases.

 

Click here to download the full report.

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