Trucks Depreciated Higher than Cars 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 vehicles in the truck segment with much weaker retention values than those in the car segment. However, Sub-Compact Luxury Crossovers in the truck segment have managed to maintain their value since last week.
“So far this year, light trucks have performed better than the car segments in value retention. However, last week we saw a different trend with larger drops in truck segments,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.

• Volume-weighted, overall car values decreased by 0.56% last week. This is same as the average depreciation rate of 0.56% seen in the previous four weeks.
• In car segments, Prestige Luxury Car, Sporty Car and Full-Size Car segments declined the most, dropping by 0.99%, 0.97% and 0.89%, respectively.
• Volume-weighted, overall truck values decreased by 0.68% last week. This is higher than the average depreciation rate of 0.47% seen in the previous four weeks.
• In truck segments, Full-Size Crossover/SUV, Minivan and Full-Size Van segments declined the most, dropping by 0.90%, 0.82% and 0.77%, respectively.

Monthly Depreciation by Segment (11/1/16-12/1/16)

Overall, depreciation was 2.3% last month. Although crossovers and SUVs have done well, the smallest versions of this segment have underperformed. Sub-compact luxury and mainstream crossovers experienced the most depreciation last month at 3.5% or higher.
Specialty Report

Collectible Cars: As we head into the final weeks of 2016, interest in collectible cars, especially on the late-model higher end of the spectrum, remains strong.
Recreational Vehicles: Once again we’re seeing Travel Trailers and Fifth Wheels continue their record setting performance, which is fairly surprising given the time of year and the usual effects of seasonality.
Powersports: The Powersports market is beginning to show signs of life this month as both the Street Bike and Dual Sport segments are up in value from last month, while the Cruiser segment continues to lag behind with a drop of two percent.
Heavy-Duty: As 2016 comes to a close, 2017 has a real good chance of being a better year for the Wholesale Heavy Duty Truck Industry.
Medium-Duty: This past month, we saw the Medium Duty wholesale market continue its consistent, slow rate of decline. There was not a big change this past month compared to the previous month.

Click here to download the full report.

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