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All Car Segments Declined While Full-Size Vans Increased

All Car Segments Declined While Full-Size Vans Increased  

 

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.

 

The team of Black Book editors are seeing more signs that the summer slowdown is taking shape. All car segments saw a decreasing change in values this past week, and comments straight from the lanes tell us dealer inventories are at levels that make for a more discriminating buyer at auction.

 

“As expected, values in car segments continued their downward trend. Pickups and full-size vans are in demand and held their values well,” said Anil Goyal, Vice President of Automotive Valuation and Analytics.

 

  • Overall, the volume-weighted car values decreased by 0.40% last week.
  • Overall, the volume-weighted truck values decreased by 0.10% last week.
  • All car segments dropped in value. Highest percentage declines were in Compact Car (-0.83%), and in Luxury-Level Car (-0.67%) segments.
  • Pickups held values quite well, with the Compact Pickup segment increasing by 0.49%.
  • Newer “European-style” vans appear to be gaining ground in retail. Meanwhile, standard boxy style vans continue to show increases in wholesale values before the supply starts to build up from the newer models.

 

Click here to download the full report.

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Tags: auto, black, book, car, depreciation, loans, values, vehicle

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