Crossovers Continue to Be in Strong Demand
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 the latest evidence of noticeable weakness in truck segments for 2016. See the below chart to identify which truck segments are feeling the greatest YOY to-date turnaround, such as the Full-Size Vans, Pickups and Compact Crossovers, all of which had positive gains in 2015 but so far have seen significant declines in 2016 YTD.
“The used-car market showed broad strength in the market last week with two car segments and five truck segments increasing in value,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics
- Volume-weighted, overall car values decreased by only 0.10% last week. This is much better than the average depreciation rate of 0.23% seen in the previous eight weeks.
- Full-Size Car and Mid-Size Car were the only two car segments with an increase in value of 0.18% and 0.16%, respectively. The Prestige Luxury Car segment declined the most by 0.79%.
- Volume-weighted, overall truck values changed little last week. The average depreciation rate in truck segments was 0.27% in the previous eight weeks.
- Five truck segments including Sub-Compact Crossover, Compact Crossover/SUV, Mid-Size Crossover/SUV, Sub-Compact Luxury Crossover and Small Pickup increased in value by 0.18%, 0.07%, 0.16%, 0.08% and 0.11%, respectively.
Trucks Losing Momentum – YOY Retention Comparison