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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.
Given the time of year, Black Book editors are beginning to notice a healthy amount of 2015 model-year vehicles entering the auction lanes. This is in line with typical seasonal patterns, especially as dealers begin to prepare their inventory for 2016 models, which are expected to arrive in just a few short weeks. For this past week of auction activity, Upper Mid-Size Cars, Entry Mid-Size Cars and Luxury Level Cars led with the highest weekly price declines.
“Car segment values continue to decline at a steady pace while most pickup and SUV truck segments enjoy strong retention,” said Anil Goyal, Vice President of Automotive Valuation and Analytics.