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.
This week’s Black Book Market Insights report shows that used vehicle value depreciation hit an all-time weekly high for 2017.
Sub-Compact Luxury Crossovers saw the largest decrease in values last week, dropping by -1.25%. A close second, Minivans, saw the next-highest depreciation falling -0.94%.
"A great deal can change with values over a few weeks; many segments are rapidly shifting toward seasonal high declines," said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
· Volume-weighted, overall car segment values decreased by 0.67% last week, the highest weekly average depreciation rate for cars this year.
· The Mid-size and Near Luxury segments also had their respective highest weekly depreciation rates of the year at 0.9% and 0.89%. The Compact segment followed closely with a near-high, at 0.82%.
· Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.5% last week, the highest weekly average depreciation rate since January.
· The Sub-Compact Luxury Crossover segment had the highest weekly depreciation rate at 1.25%. Minivan and Full-Size Crossover/SUV segments had their highest declines this year at 0.94% and 0.91%, respectively. 2d