Stable Market Except for Luxury Vehicles

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 looks at a spring market that has been persistent through the middle of May. The report also looks at the retention trends of three-years post model year

luxury cars. The retention rates (as percent of typically-equipped MSRP) on Luxury Cars have continued to decline over the last few years. An average 2016 MY luxury car is valued today at only about 40% of its original MSRP.

Prices remained stable for a second consecutive week retaining the spring season strength while luxury vehicles dropped further,” said Anil Goyal, Executive Vice President, Operations for Black Book.

  • Volume-weighted, overall car segment values decreased by just 0.05% last week. In comparison, the market values had increased by 0.09% on average during the prior 4-week period.
  • In cars, the values of Luxury Cars decreased the most, by 0.78%.
  • Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by just 0.02% last week. In comparison, the market values were up by 0.09% on average during the prior 4-week period.
  • In trucks, the values of Full-Size Luxury Crossover/SUVs decreased the most, by 0.59%.

 

Click here to download the full report.

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