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 shows that while cars and trucks overall saw very similar depreciation last week, Compact Cars saw a big drop compared with the previous several weeks. Despite this, many remarketers across the country are still showing healthy demand in the lanes.
“Strong demand in the retail market is resulting in fewer no sales and relatively strong prices at the auctions,” said Anil Goyal, Executive Vice President, Operations.
- Volume-weighted, overall car segment values decreased by 0.30% last week. In comparison, the values had decreased at a similar rate of 0.32% per week during the previous four weeks.
- Among car segments, Compact Cars decreased the most in values last week.
- Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.28% last week. In comparison, the values had decreased at the same rate per week during the previous four weeks.
- Among truck segments, Full-Size Luxury Crossover/SUVs decreased the most last week.
Click here to download the full report.
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