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 takes a look at the recently falling gas prices. Gas prices have been on the decline in the last four weeks after being steady since summer. Low gas prices are an important driver of increasing vehicle usage and demand.
“Depreciation rates continue to be consistent and in line with the trend seen during the last four weeks—but higher than the rates of previous months,” said Anil Goyal, Executive Vice President, Operations, for Black Book.