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.
In this week’s Black Book Market Insights report, we take a close look at the overall vehicle value index for the first eleven weeks of the year in comparison to the same time last year. The index data shows that the spring market hasn’t displayed the same amount of strength in 2016, with both cars and trucks showing some weakness, particularly in March when the spring buyers are supposed to show more activity.
“Car segments show slower depreciation with Sub-Compact Car as the only segment experiencing a slight increase in values over previous week,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics
- Volume-weighted, overall car values decreased by 0.19% last week. This is much better than the average depreciation rate of 0.34% seen in the previous eight weeks.
- Sub-Compact Car, Compact Car and Mid-Size Car segments performed the best among cars segments, changing in value by +0.02%, -0.12% and -0.07%, respectively. Luxury Car segment dropped the most by 0.69%.
- Volume-weighted, overall truck values decreased by 0.35% last week. This is close to the average depreciation rate of 0.31% seen in the previous eight weeks.
- Sub-Compact Crossover and Compact Van segments showed no change while Small Pickup and Full-Size Pickup segments dropped by only 0.16% and 0.09%, respectively.
Click here to download the full report
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