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 Market Insights report this week shows the heavy late-year seasonal toll being felt by many car and truck segments. In fact, trucks fell by approximately -0.80%, among the largest single-week declines felt all year. Although seasonality is contributing to this, it’s interesting to see these declines while at the same time gas prices have remained low at just $2.22 per gallon nationally.

“Gas prices are remaining low, but no longer seem to be helping truck values that have been stronger than the values of car segments so far this year,” said Anil Goyal, Vice President of Automotive Valuation and Analytics.

• Overall, the volume-weighted car values decreased by 0.83% last week. This is higher than the average depreciation rate of 0.71% seen in the previous four weeks.
• Car segments that showed the highest declines last week include Near Luxury Car, Luxury Level Car and Entry Level Car, declining by 1.16%, 1.02% and 1.01%, respectively.
• Overall, the volume-weighted truck values decreased by 0.80% last week. This is much higher than the average depreciation rate of 0.55% seen in the previous four weeks.
• Truck segments that showed the highest declines last week include Mid-Size SUV, Compact Pickup and Compact SUV, declining by 1.76%, 1.46% and 1.18%, respectively.

Click here to download the full report.