Depreciation Slowed a Little from Last Week
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 looks at where we are with cars and trucks during the peak of the spring season. The most glaring trend is that both cars and trucks are not seeing the same kind of retention and pricing that’s been seen the past couple of spring seasons. As an example of this, both cars and trucks overall declined this past week, whereas they saw price increases during the same week last year.
“Small cars, crossovers and pickup trucks showed good performance; however the spring season this year continues to be weaker than what we’ve seen in the past couple of years,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics
- Volume-weighted, overall car values decreased by -0.16% last week. In YOY comparison, the car values increased by +0.17% in a week this time last year.
- Sub-Compact Car, Mid-Size Car and Compact Car segments performed the best, changing by +0.14%, +0.08% and -0.06%, respectively.
- Volume-weighted, overall truck values decreased by -0.14% last week. In YOY comparison, the truck values increased by +0.06% in a week this time last year.
- Sub-Compact Crossover, Full-Size Pickup and Compact Van segments performed the best, changing by +0.26%, +0.04% and +0.03%, respectively.