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 that the higher depreciation seen on smaller cars has continued into the first week of the new year. What's more, Black Book expects a robust spring buying season due to the heavy depreciation experienced during the fourth quarter of 2015.

“Values continued their decline in the new year with higher depreciation in small cars. We are anticipating strong buying in the tax season this year after the sharp decline of car values in the 4th quarter last year,” said Anil Goyal, Vice President of Automotive Valuation and Analytics.

•        Volume-weighted, overall car values decreased by 0.65% last week. This is higher than the average depreciation rate of 0.50% seen in the previous eight weeks.

•        Car segments that showed the highest declines last week include Compact Car, Sub-Compact Car and Prestige Luxury Car, declining by 1.22%, 0.96% and 0.96%, respectively.

•        Volume-weighted, overall truck values decreased by 0.60% last week. This is higher than the average depreciation rate of 0.44% seen in the previous eight weeks.

•        Vans declined the most last week in truck segments with Sub-Compact Luxury CUV, Minivan and Compact Van, declining by 1.58%, 1.17% and 0.90%, respectively.

Click here to download the full report