Car Values Continue the Slide Down While Pickups Remain Strong  

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, the Black Book editors received feedback from the lanes with comments such as: “Dealers feel that the prices are fairly high”; “Electric cars are weak in the market”; and “Sellers trying to get the most money possible are causing lots of no sales”. These comments reflect a market that saw all car segments decline during the week, while all three pickup segments saw a slight increase.

“Most segments declined in value last week led by small car segments declining the most while pickups continued to show strength in this post-spring market,” said Anil Goyal, Vice President of Automotive Valuation and Analytics.

• Overall, the volume-weighted car values decreased by 0.37% last week.
• Overall, the volume-weighted truck values decreased by 0.12% last week.
• Small car segments showed the largest drop in prices. Entry Level Cars have declined in value over the last 4 weeks and had the highest decline at $53 or 0.73% last week.
• Pickups continued to hold values well as all the pickup segments increased slightly.
• Over the last 4 weeks, cars declined by 1.06% while truck values, on average increased by 0.16%.

Click here to download the full report.