Professional Community for Car Dealers, Marketing, Advertising and Sales Leaders
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 overall depreciating more than trucks, with Compact Cars seeing their highest depreciation in the past 26 weeks. Conversely, Small Pickups actually increased in value by 0.49%. The report also offers the latest Specialty Market trends this month.
"Small cars and sub-compact crossovers declined the most last week. Car segments experienced the highest depreciation so far this year in November" said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
Specialty Markets Report
Collectible Cars: Although Scottsdale is seemingly right around the corner, and we’re being teased almost daily by breathless emails from auction houses about the important cars that will be offered, there has also been strong activity in the affordable section of the spectrum.
Recreational Vehicles: For the first time in several months, the values of motorized units and towables have moved in different directions.
Powersports: Snowmobiles lead the way this month with a nearly 6% increase in value as we head into the colder months.
Heavy-Duty: Late Model Over the Road Tractors have leveled off while the older year models have been up and down but depreciating more since early summer.
Medium-Duty: The Wholesale Market continues its downward trend; however, some Older Models have stabilized.