Broad Market Declines 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.
This week’s Black Book Market Insights report shows both the car and truck segments depreciating more than usual, with both segments overall decreasing in value by -0.64% and -0.65%, respectively. Only two vehicle categories maintained their value from last week, Sub-Compact Crossovers and Compact Vans. The report also showcases the latest Black Book Retention Index.
"After three months of relatively strong performance, seasonal slide of used vehicle values kicks into high gear,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car segment values decreased by 0.64% last week, higher than the average weekly decrease of 0.58% in values over the previous four weeks.
- The Near Luxury Car segment decreased in value at the highest rate among all the car segments.
- Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.65% last week, higher than the average weekly decrease of 0.42% in values over the previous four weeks.
- The Mid-Size Luxury Crossover/SUV and Minivan segments decreased in value at the highest rate among all the truck segments.
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