Most Segments Decline at a Steady Pace
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 how the entire car and truck market showed broad declines this past week, with the exception of small pickups. The report also takes a close look at the weakness being showed by Sub-Compact Cars, which have demonstrated weaker retention compared with the previous year due to rising supply levels and still-low gas prices.
“The wholesale vehicle market experienced broad declines across most vehicle segments, led by the Sub-Compact Car segment continuing to drop the most,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car values decreased by 0.43% last week. This is similar to the average depreciation rate of 0.40% seen in the previous four weeks.
- Sub-Compact Car led the decline by 0.96% followed by Luxury Car and Prestige Luxury Car segments declining at 0.68% and 0.57%, respectively.
- Volume-weighted, overall truck values decreased by 0.37% last week. This is similar to the average depreciation rate of 0.30% seen in the previous four weeks.
- Small pickup was the only segment with an increase of 0.22% last week.
Sub-Compact Car Weakness – A Closer Look
Lack of spring market strength has worsened the YTD depreciation of Sub-Compact Car segment this year.