Record Decline for Truck Segment
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 experiencing a steeper decline in value than cars. Out of all truck segments, the Compact Luxury Crossover/SUV group saw the highest depreciation, dropping in value by -1.52% on the week.
"Demand has slowed over the holidays as expected and Trucks have taken on their steepest decline of the year,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car segment values decreased by 0.41% last week, lower than the average weekly decrease of 0.61% in values over the previous four weeks.
- The Full-size, Near-luxury and Luxury segments received the highest weekly depreciation rates at 0.61% to 0.65%.
- Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.68% last week, highest weekly depreciation rate this year.
- The Compact Luxury Crossover/SUV segment decreased in value at the highest rate among all the truck segments. Five segments, nearly seven, decline more than one percentage point.
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