Significant Increase in Weekly Depreciation Last Week

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 both car and truck segments decreasing more in value than usual. Although car segments saw an overall larger depreciation, two truck segments saw larger price declines as a percentage than any of the car segments. The report also spotlights the latest Black Book Retention Index, as well as monthly specialty updates.

 

"Depreciation rates increased on both car and truck segments as buyers become hesitant to load up on inventory," said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.

  

  • Volume-weighted, overall car segment values declined by 0.60% last week. In comparison, the market values had decreased on average by 0.41% per week in the previous four weeks.
  • Among cars, Full-Size Car and Sporty Car segments performed the worst, decreasing by 0.94% and

0.82%, respectively.

  • Volume-weighted, overall truck segment (including pickups, SUVs and vans) values decreased by 40% last week, worse than the average decrease of 0.25% per week in the previous four weeks.
  • Among trucks, Sub-Compact Crossover and Compact Van segments performed the worst last week.

 

Specialty Update:  

 

Collectibles: Most segments of the collectible car hobby have done well at the various auctions held so far this Fall.

Recreational Vehicles: The values of both motorized and towable units sold at wholesale auctions increased once again this past month, which, as we said last time, is unusual for this time of year.

Powersports: November finds the Powersports market in a leveling off period. Changes in value this month are more subdued than we have seen recently.

Heavy-Duty: A good supply of units in several segments helps to maintain steady depreciation in October. Construction/Vocational group values have dropped the most since August, but still bring strong numbers.

Medium-Duty: The Wholesale Market continues its downward trend; however, some Late Model Unit prices have stabilized.

 

 

 

Click here to download the full report.

 

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