Weekly Lows for Cars (3 months) and Trucks (2 months)
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 valuation activity from the first week of June, showing Full-Size Vans as the only segment with a positive change in values. Minivans and small pickups also showed light depreciation on the week, as did luxury cars.
“Weekly depreciation rates are beginning to align with the expected declines of weeks to come,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car values decreased 0.41% last week. For comparison, the average depreciation rate last year was 0.59% at week 22.
- Full-size Car and Sub-compact Car segments received the steepest weekly depreciation rates at 0.63% and 0.59%, respectively. All but two segments’ depreciation rates were higher than the prior week.
- Volume-weighted, overall truck values decreased 0.30% last week. For comparison, the average depreciation rate last year was 0.25% at week 22.
- The Full-size Van segment was the sole truck segment to increase in value (0.11%).
- The Compact Luxury Crossover/SUV segment received the highest weekly depreciation rate at 0.71%.
Specialty Markets Report
Collectibles: Traditionally, January in Scottsdale was the center of the collectible car universe, but many of the major auction houses have added sales around the country that have grown into significant events in their own right.
Powersports: After last month’s mixed bag, where some model years and segments went up while others declined a bit, prices are up across the board. This pattern generally occurs a month or two earlier in most years.
Recreational Vehicles: The values of travel trailers sold at auction hit their all-time high this past month, closing above $12,000 for the first time. Not to be outdone, motorized units surged fifteen percent to break through the $40,000 barrier, something they have not done since May of 2013.
Heavy-Duty Trucks: Rising depreciation is often a key result of rising numbers of available trucks at auction.
Medium-Duty: We saw a greater rate of decline in the Medium Duty Truck segment.
