Market Decline Continues in the New Year
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 truck segments with larger depreciation than cars entering the new year. Only one vehicle group, Sub-Compact Luxury Crossovers, maintained its value from last week. Compact Vans performed saw the heaviest depreciation, dropping in value by -1.70%.
"The first week of the year saw used vehicle values continuing to decline at a pace not much different from the average weekly decline in the month of December," said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car segment values decreased by 0.57% last week, slightly better than the average weekly decrease of 0.62% in values over the previous four weeks.
- The Luxury Car segment decreased in value at the highest rate among all the car segments.
- Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.66% last week, slightly worse than the average weekly decrease of 0.62% in values over the previous four weeks.
- The Compact Van segment decreased in value at the highest rate among all the truck segments.
Comment
© 2024 Created by DealerELITE.
Powered by
You need to be a member of DealerELITE.net to add comments!
Join DealerELITE.net