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 Market Insights Report looks at the latest valuation trends from this past week, with nearly all car segments showing a significant decline in weekly values signaling summer seasonality. Conversely, trucks had three segments finish with an increase in value during the week.
“Depreciation in car segments has increased after the Spring season. Pickup trucks, which usually retain strength in the summer months, went up in values last week,” said Anil Goyal, Executive Vice President, Operations for Black Book.
- Volume-weighted, overall car segment values decreased by 0.44% last week. In comparison, the market values had decreased by 0.32% on average during the prior 4-week period.
- In cars, the values of Sub-Compact Cars decreased the most.
- Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.12% last week. In comparison, the market values were down by 0.10% on average during the prior 4-week period.
- In trucks, the values of Sub-Compact Luxury Crossover decreased the most.
Author: Black Book
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