Sporty Cars and Trucks Remain Ahead While Most Car Values Declined

 

 

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.

 

The Black Book editors and survey personnel have identified select trends this week that show where dealers and remarketers need to pay close attention to inventory management strategies. Volume-heavy segments, summer-favorite models and late-model units from off-rental are all having an impact on supply currently.

 

“Mainstream car values declined sharply with the arrival of summer while most truck segments continue to show steady depreciation trends,” said Anil Goyal, Vice President of Automotive Valuation and Analytics.

 

  • Overall, the volume-weighted car values decreased by 0.76% last week, the most in last 52 weeks.
  • Popular segments including Compact Car, Entry Level Car, Entry Mid-Size Car, Full-Size Car and Upper Mid-Size Car declined by about 1% last week.
  • No surprise that sporty cars were in demand as the summer months approached.
  • Overall, the volume-weighted truck values decreased by 0.25% last week as Pickups and SUVs continue to perform better than cars.
  • Buyers are being very selective on 2014 and 2015 models and many have been chalked up as “no-sales” this past week.

 

SPECIAL REPORT: Credit Availability

 

This week’s Market Insights report also provides insight into credit availability, including a snapshot on how much credit has grown for SubPrime categories, and trends illustrating where banks are tightening lending standards for SubPrime.

 

Click here to download the full report.

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