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 Market Insights Report looks at a spring market that has been persistent through the middle of May. The report also looks at the retention trends of three-years post model year
luxury cars. The retention rates (as percent of typically-equipped MSRP) on Luxury Cars have continued to decline over the last few years. An average 2016 MY luxury car is valued today at only about 40% of its original MSRP.
Prices remained stable for a second consecutive week retaining the spring season strength while luxury vehicles dropped further,” said Anil Goyal, Executive Vice President, Operations for Black Book.