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 that car and truck segments depreciated at nearly the same percentage this past week. Also, cars saw heavier depreciation at the same time last year, while the opposite was shown for trucks.
“The used vehicle values continue to depreciate at a normal rate at this time of the year with truck segments continuing to perform better than car segments,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car values decreased 0.39% last week. For comparison, last year the overall depreciation rate was -0.43% at week 28.
- The Compact Car segment received the highest weekly depreciation rate at -0.69%. The Luxury segment declined 0.52%, followed closely by Sub-compact and Mid-size segments at -0.46%.
- Volume-weighted, overall truck values decreased 0.37% last week. For comparison, last year the overall depreciation rate was at -0.34% at week 28.
- The Compact Luxury and Full-size Luxury CXU/SUV segments received the highest weekly depreciation rates at -0.96% and -0.92%, respectively. This was also their highest weekly decline this year.