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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.
According to analysis by Black Book, a handful of segments are showing distinct depreciation patterns over the past 16 weeks. In contrasting patterns, the Full-Size pickups have depreciated just 1.8% while the Entry-Level Cars have depreciated 10.5% in a relatively short amount of time. Black Book is paying close attention to this segment as more off-lease and rental units could place even more downward pressure on this segment.
“The Entry Level Car segment continues to drop lower even after experiencing the most depreciation in the last 4 months. It will be interesting to see trends on late model vehicles as more off-lease and rental cars are beginning to show up at auctions,” said Anil Goyal, Vice President of Automotive Valuation and Analytics.