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 valuation trends as we close out January and inch toward the spring selling season. This past week, trucks saw a strong period of retention while cars continued to show some weakness. More specifically, Full-Size Pickups are showing noticeable strength in activity. This week’s report also includes highlights and updates for all specialty market segments.
“Trucks experienced the smallest week-over-week depreciation seen this year,” said Anil Goyal, Vice President of Automotive Valuation and Analytics.
Specialty Markets Update
Collectibles: Although they don’t yet stage an auction in Scottsdale, Mecum’s Kissimmee sale is a good barometer of what we can expect to see there, and judging from their results, we expect to see big numbers.
Powersports: Values and activity in the Powersports market continue to ‘idle’ along again this month, with most segments showing only slight changes in overall pricing levels.
RV: Prices are beginning to rise as we inch closer to the prime spring selling season and dealers begin to restock their lots in anticipation of the first customers that will be brought in by the warmer weather.
Heavy-Duty: When supply is greater than demand, values inevitably drop, and that is the case with late model trucks. This value decrease is rather dramatic with Over the Road models sliding 1.3% and Regional models sliding 0.9% more than the previous month.
Medium-Duty: The Medium Duty market held steady this past month. The 2005-2012 model years came down on average, $371 or 1.9%. In December, that average decline for this group was, $363 or 1.9%.