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 report shows trucks overall holding their values better than cars. The report also highlights the latest Black Book Retention Index, which increased 1.1% to 113.9 from 112.6 in the previous month. It is estimated that up to 600,000 cars and trucks will need to be replaced as a result of Hurricanes Harvey and Irma. The replacement process began in September, resulting in significant month-over-month increases within the Index.

"Small and mid-size cars are continuing to do well, even as the buying frenzy after the hurricanes has slowed down," said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.

  • Volume-weighted, overall car segment values declined by 0.40% last week. In comparison, the market values had decreased on average by 0.33% per week in the previous four weeks. 

  • In cars, Full-Size Car and Near Luxury Car segments performed the worst, decreasing by 0.65% and 0.71%, respectively. 

  • Volume-weighted, overall truck segment (including pickups, SUVs and vans) values decreased by 0.28% last week, worse than the average decrease of 0.12% per week in the previous four weeks. 

  • In trucks, Sub-Compact Crossover, Full-Size Van and Full-Size Pickup segments performed the best.

 

Specialty Market Update

  • Collectibles: Even against the backdrop of the twin hurricanes that devastated the Southern United States and Caribbean last month, several auctions recorded very impressive sales totals.

  • Recreational Vehicles: The values of both motorized and towable units sold at wholesale auctions increased this past month, which is unusual for this time of year. In fact, the values of towables are at their highest level ever, and motorized are the highest they’ve been since July 2010.

  • Powersports: October is another down month in the Powersports market. All year long we have seen sustained pricing weakness across all vehicle segments and most models we cover, and it appears this is going to continue as we head into the fall.

  • Heavy Duty: There are additional factors to consider in the monthly wholesale value movement calculation for Heavy Duty Truck values showing up this Fall.

  • Medium Duty: Overall, Medium Duty units continue to depreciate as we welcome the fall season. However, this segment is not dropping as fast as it has in recent years.

 

Click here to download the full report.

 

 

Views: 18

Comment

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

Join DealerELITE.net

About

DealerELITE created this Ning Network.

Latest Activity

Chris Branum posted a blog post
9 hours ago
Chris Branum posted a group
Thumbnail

Fixed Ops Marketing Strategy

Service, Parts, Accessories and Collision Marketing Strategy Group.Digital marketing ideas and…See More
9 hours ago
Jeff Cowan posted a blog post

Write Service Podcast: Episode 45- The Holes in Your Process

This week, Jeff continues the discussion on having a true process on your service drive. Some of…See More
17 hours ago
Todd Smith posted a blog post
18 hours ago
Black Book posted a blog post

BLACK BOOK HISTORY ADJUSTED VALUATIONS NOW INTEGRATED INTO DIMONT’S CLAIMS ADJUSTMENT SYSTEMS

Vehicle Values With Historical Performance Can Greatly Increase Accuracy in Claims…See More
19 hours ago
Holly Markel posted a video

3 Keys to Developing Employees on the Phone (Part 2)

CallRevu Vice President of Customer Experience Holly Markel shares the first of three keys to developing your staff to handle the phones properly in part 2 o...
19 hours ago
Steve Stauning's video was featured

Real Social Selling

If your salespeople aren't driving their own Up Bus, they're not doing everything they can to sell 20, 30 or even 40 units a month. Send them a link to this 49-minute lesson where they'll learn all they need to start generating real referrals from…
19 hours ago
John Sternal posted a blog post

August Auto Lease Prices Increase By Up To 54% On Several Vehicles

Several Brands Increase Lease Prices by up to 54% on Vehicles of All Sizes as New Model-Year Units…See More
19 hours ago
Steve Stauning posted a video

How To Sell Cars on Facebook: Real Social Selling

Originally recorded live as part of the Undeniable Advantage Live Video Webcast Series. Social Selling is real and it's happening today! Right now, dynamic, ...
19 hours ago
Thomas F. Jung posted a blog post
20 hours ago
Simon Hopes posted a blog post

Best Run about Boats For Family

If you are searching for a boat that is great for the whole family but it is also quite satisfying…See More
20 hours ago
Marsh Buice's blog post was featured
yesterday
Anne Fleming posted a blog post

In Dealer Reviews, Women Rate Female Sales Consultants Higher Than Male Consultants

Decrease the Gender Gap and Increase RevenueChanging Culture, Changing TidesWomen are buying 45% of…See More
yesterday
Marsh Buice posted a blog post
yesterday
Brett Sutherlin posted a blog post
yesterday
Anne Fleming's blog post was featured
yesterday

de sponsor

Get Newsletter

dE Sponsor

© 2018   Created by DealerELITE.   Powered by

Badges  |  Report an Issue  |  Terms of Service