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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.
This week’s Black Book Market Insights report takes a close look at Compact Cars, up +3% over the last six weeks, along with a handful of other smaller car segments that have performed well during that time. The report also looks at the rising price of gas, with a historical chart, that might support the reasons behind smaller cars’ success lately.
“Compact cars see continued strength in the market, helped by rising gasoline prices. Their values have increased by over 3% in the last 6 weeks,” said Anil Goyal, Executive Vice President, Operations.
• Volume-weighted, overall car segment values increased by 0.29% last week. In comparison, the values had increased on average by 0.20% per week in the previous two weeks.
• In cars, the Mid-Size Car and Compact Car segments increased the most in value last week.
• Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.04% last week. In comparison, the values had decreased on average by 0.14% per week in the previous two weeks.
• In trucks, the Sub-Compact Crossover segment increased the most in value last week.