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 takes a look at weekly vehicle depreciation, an in-depth round up of dealer sentiment regarding Harvey and national consignment trends, as well as the month’s Specialty Report.
“As the city of Houston and surrounding regions continue to cope with the devastation caused by Hurricane Harvey, I wanted to provide you with several updates and insight from Black Book, which is actively tracking any impact on the region’s automotive industry. Black Book expects the impact of the hurricane to have far-reaching effects, not only on Houston-area automotive businesses, such as dealerships and wholesale auctions, but also throughout the South and Midwest.”
— Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car segment values declined by 0.36% last week. In comparison, depreciation backed off the preceding five-week average of -0.52%.
- In car segments, Sporty and Full-size Car segments had the poorest weekly retention rates, decreasing by 0.81% and 0.6%, respectively. These two, accompanied by Compact Cars, were the only segments to receive steeper depreciation rates compared to the prior week.
- Volume-weighted, overall truck segment (including pickups, SUVs and vans) values decreased by 0.25% last week. For comparison, the previous five-week average for truck segments was -0.33%.
- In truck segments, Sub-Compact Crossover values fell 0.65%, followed by Compact Luxury Crossover/SUV and Minivan segments both at -0.5%.
Specialty Report
Collectible Cars: The collectible car auctions held on the Monterey Peninsula in mid-August were very successful, especially at the top end of the vintage exotic market.
Recreational Vehicles: The auction results last month were a bit surprising; towable values did exactly what we expected them to, but Motorized units, which should also be declining, shot up nearly fifteen percent.
Powersports: The Powersports market continues to see downward pressure on pricing in all segments as we head into the fall.
Heavy-Duty: We’ll see if the current fairly stable value decreases hold up when new trucks start to ship and more out of service units become available.
Medium-Duty: The wholesale market continues its downward trend as we inch closer toward Fall. This past month we experienced a bit more depreciation than we did in June.
