Sub-Compact Car and Full-Size Pickup Experience Some Softness

 

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 Black Book Market Insights looks at the continued momentum in the majority of car segments, with only the Sub-Compact Cars experiencing significant price declines last week. A close look at dealer sentiment around the industry mirrors this trend, with some saying prices are holding steady and trucks are seeing more ‘no sales’.

 

“Overall used vehicle values continued to decline at a steady pace similar to the last six weeks. Interestingly, Sub-Compact Car values dropped sharply after two weeks of strength,” said Anil Goyal, Vice President of Automotive Valuation and Analytics.

 

  • Volume-weighted, overall car values decreased by 0.33% last week. This is slightly lower than the average depreciation rate of 0.40% seen in the previous six weeks.
  • Sub-Compact Car, Prestige Luxury Car and Sporty Car segments declined the most in value by 0.86%, 0.65% and 0.59%, respectively.
  • Volume-weighted, overall truck values decreased by 0.47% last week. This is slightly higher than the average depreciation rate of 0.38% seen in the previous eight weeks.
  • Compact Commercial Van, Minivan and Full-Size Pickup segments declined the most by 1.26%, 1.06% and 0.98%, respectively.

 

 

Click here to download the full report

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