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 offers insight into the last twelve months of depreciation for all segments. The data show that nine of the twenty-five segments are trending at higher-than-average depreciation (higher than 18.0% during a 12-month period).
“Most car segment values continued to decline at a steeper rate last week. As both credit availability and inventories remain high, Labor Day Weekend should provide a good boost to clearing the inventory,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car values decreased by 0.75% last week. This is higher than the average depreciation rate of 0.66% seen in the previous four weeks.
- In car segments, Near Luxury Car segment declined the most, dropping by 1.26%.
- Volume-weighted, overall truck values decreased by 0.37% last week. This is similar to the average depreciation of 0.40% seen in the previous four weeks.
- In truck segments, Sub-Compact Crossover segment declined the most, dropping by 1.11%.
Click here to download the full report.
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