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 includes data, trends and insight showing a broader decline for the majority of car segments, and even many of the truck segments. Smaller cars are leading the weekly depreciation with the largest declines, while Luxury SUVs and Midsize Pickups were among the largest declines of all truck segments.
“Broad declines starting to appear in the market led by smaller cars showing the most decrease in value with continued negative sentiments from the buyers,” said Anil Goyal, Vice President of Automotive Valuation and Analytics.
- Overall, the volume-weighted car values decreased by 0.53% last week.
- Overall, the volume-weighted truck values decreased by 0.28% last week.
- Car values have dropped for 8 straight weeks for a cumulative total of 2.3% over this period. During the same period, Truck values declined by only 0.1%.
- Compact Car, Entry Level Car and Entry Mid-Size Car segments dropped the most by 1.36%, 0.90% and 1.05%, respectively.
- All truck segments declined in value, led by Mini Van Cargo and Luxury SUV segments.
- Full-Size Vans, one of the strongest segments in the recent months, dropped by over 0.50% last week.
Click here to download the full report.
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