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 both car and truck segments increasing their values last week. Thirteen out of the total 22 vehicle segments saw an increase in average vehicle value. On the other hand, the segment that saw the weakest retention was the Sub-Compact Luxury Crossover/SUV, which declined in value by -0.50%.
“Sentiment was positive in the auction lanes, with most locations experiencing high sale percentages. This higher demand resulted in increased values in most segments last week,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
• Volume-weighted, overall car segment values increased by 0.10% last week. In comparison, the market showed similar performance increasing on average by 0.15% in the previous three weeks.
• All car segments except luxury and premium showed an increase in values. Sub-Compact Car and Sporty Car segments gained the most by 0.37% and 0.49%, respectively.
• Volume-weighted, overall truck segment (including pickups, SUVs and vans) values gained slightly by just 0.05% last week. In comparison, truck values depreciated by 0.06% in the previous three weeks.
• Minivan was the best performing segment whereas Sub-Compact Luxury Crossover declined the most among truck segments.
