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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 shows both car and truck segments depreciating at almost the same rate. Sporty Cars and Compact Vans saw the mot depreciation out of both segments, dropping by -0.82 % and -1.31, respectively. The report also shows where cars have depreciated roughly five percentage points higher than trucks over the last year.
"Normal seasonal depreciation continues for Sporty Cars. Commercial Compact Vans are depreciating faster than the Full-Size Vans" said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
• Volume-weighted, overall car segment values decreased by 0.48% last week, lower than the average weekly decrease of 0.54% in values over the previous four weeks.
• The Sporty Car segment decreased in value at the highest rate among all the car segments.
• Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.49% last week, higher than the average weekly decrease of 0.36% in values over the previous four weeks.
• The Compact Van segment decreased in value at the highest rate among all the truck segments.