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 offers more insight into the continued strength of cars last week, which overall increased +0.09%. The report also includes the latest Specialty Market trends, as well as a retention spotlight on three-year-old Near-Luxury Cars.
“Market strength continued last week with most car segments showing an appreciation in values, led by sub-compact and sporty cars,“ said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car values appreciated slightly by 0.09% last week, as opposed to the average weekly depreciation rate of 0.19% seen in the previous four weeks.
- In car segments, Sporty Car and Sub-Compact Car segments performed the best, increasing by 0.50% and 0.36%, respectively.
- Volume-weighted, overall truck values were nearly flat last week, as opposed to the average weekly depreciation rate of 0.31% seen in the previous four weeks.
- In truck segments, Compact Vans improved the most in value by 0.59% whereas Compact Luxury Crossover/SUVs dropped the most in value by 0.20%.
Specialty Report for April
Collectibles: The new year started off on a high note with the collectible car auctions in Florida and Arizona pulling in big numbers, and the five auctions held in conjunction with the Amelia Island Concours d’Elegance kept the momentum going with $121,000,000 in sales.
Recreational Vehicles: With the exception of a few pockets of the country where the winter refuses to relax its grip, we have started to see nicer weather and an active Spring market.
Powersports: The Powersports market is roaring ahead ‘Full Throttle’ this month with some of the largest increases in value we have seen in quite some time.
Heavy Duty: The Spring Season brings us warmer weather, a fresh start for the new year and used truck buyers refreshing their equipment if they are an end user, and restocking their inventory if they are a dealer.
Medium Duty: Overall, Medium Duty Trucks showed signs of strength in March, which has been the norm for the past few years.
