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Market Values Depreciate at a Steady Pace

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.

 

Based on auction observations and dealer feedback, the Black Book editors noticed a reversal of the typical pattern of depreciation over the last few months, with car segments averaging lighter than normal depreciation and trucks feeling higher depreciation. Additionally, dealers from around the country are finding it harder to spot clean-condition vehicles at auction.

 

“A broad drop in values across all car segments was led by the Entry Level Cars. Pickup trucks and Full Size Van truck segments continue to hold values well,” said Anil Goyal, Vice President of Automotive Valuation and Analytics.

 

  • Overall, the volume-weighted car values decreased by 0.35% last week. This is lower than the depreciation rate seen in the previous 4 weeks.
  • While all car segments dropped by over 0.20%, the Entry Level Car segment dropped the most by 0.79%. The Sporty Car segment, one of the best performers recently during the summer, saw a decline of 0.43% last week.
  • Overall, the volume-weighted truck values decreased by 0.31% last week. This is a little higher than the average depreciation rate seen in the previous 4 weeks.
  • Pickup trucks and Full Size Van segments held their values. In fact, Compact Pickups were the only segment with an increase over the previous week.

 

 

Click here to download the full report.

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