Wide Variation In Results Across Segments

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.

 

According to Black Book, remarketing activity has continued its steady pace as we head into the final weeks of summer, with dealer sentiment around the country remarking on a steady flow of sales especially for trucks. Compact cars have continued to struggle with gas prices dropping to $2.637 on the week. Entry Mid-Size cars actually showed a slight increase this past week while Luxury Level cars also showed a significant price decline.

 

“Market trends continue to show large declines for compact cars while full-size pickups and SUVs hold their values. Full Size Vans have now started to drop in value after defying gravity for several months,” said Anil Goyal, Vice President of Automotive Valuation and Analytics.

 

  • Overall, the volume-weighted car values decreased by 0.39% last week. This is slightly lower than the depreciation rate seen in the previous 4 weeks.
  • Entry Mid-Size Cars increased slightly by 0.13% while all other car segments declined in value last week. Compact Cars and Luxury Level Cars saw the biggest drops at 0.78%.
  • Overall, the volume-weighted truck values decreased by 0.24% last week. This is a little higher than the average depreciation rate seen in the previous 4 weeks.
  • Full Size Vans have been one of the strongest performing segments in recent months. However, this segment had the highest depreciation last week.

 

 

Click here to download the full report.

 

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