Vehicle Values Relatively Stable 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 shows car segments decreasing value slightly last week, but overall both cars and trucks held fairly steady. Out of both car and truck segments, Compact Vans performed the strongest, increasing in value by .89%.
“The wholesale market held steady last week with stable values across most segments. Auction consignments were reported to be low for this time of the year,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car segment values decreased by 0.27% last week. In comparison, the market values had increased on average by 0.14% per week in the previous four weeks.
- In car segments, Compact Car and Mid-Size Car segments performed the worst, dropping by 0.89% and 0.44%, respectively.
- Volume-weighted, overall truck segment (including pickups, SUVs and vans) values increased by 0.10% last week, better than the average increase of 0.02% per week in the previous four weeks.
- In truck segments, Compact Vans improved the most in value by 0.89% while other segments were quite steady.
Black Book’s Used Vehicle Retention Index listed at 113.1 for the month of April, a slight uptick from March’s value of 113.0. April saw stronger seasonality trends than what we had been seeing during the last few spring seasons. Click here to obtain a copy of the latest index data.
Specialty Update
Collectibles: There are no lulls in the collectible vehicle auction calendar anymore, and the late Spring auctions, while not as large as Scottsdale or Amelia Island, were well attended by sellers, buyers, and spectators.
Recreational Vehicles: Warmer weather is here and the Spring market is upon us. Towable sales at auction set another record last month, and Motor Home values hit their second highest number since the summer of 2010.
Powersports: The Powersports market continues to surge ahead this month with across the board increases in value as the Summer selling season is in full swing.
Heavy-Duty: Following a month with not very much depreciation, long and short haul road tractors declined much more in April than in March.
Medium-Duty: Medium Duty trucks depreciated slightly more in April than they did in March based on our reports. Although prices fell marginally in April compared to March the overall market is performing quite well.
