Market Values Decline Slows but No-Sales Continue to Remain High

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 an overall increase in values in both car and truck segments, although sales remain slow in the auction lanes. The report also shows continued strength for Full-Size Crossovers/SUVs.

“Depreciation rate slows from steeper declines seen at the start of the quarter. Smaller cars continue to show larger depreciation as opposed to larger crossover/SUVs,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.

 

·       Volume weighted, overall car segment values decreased by 0.46% last week, lower than the depreciation rate of 0.70% seen in the previous four weeks.

·       Prestige Luxury Car and Sub-Compact Car segments declined the most by 0.87% and 0.68%, respectively.

·       Volume-weighted, overall truck segment (including pickup, SUVs and vans) values decreased by 0.34% last week, lower than the depreciation rate of 0.58% seen in the previous four weeks.

·       Compact Van segment had the highest decline of 2.18% last week. Other segments with higher drop in value included Full-Size Van and Small Pickup.  

Click here to download the full report.

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