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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 truck segments retaining their values better than cars. Within both categories, sub-compact vehicle values showed steeper declines compared to all other vehicles.
“Sales rates in auctions are reported as stable in most areas, but overall, values are still depreciating at a fairly normal pace,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
• Volume weighted, overall car segment values decreased by 0.74% last week, higher than the depreciation rate of 0.61% seen in the previous four weeks.
• Sub-Compact Car, Sporty Car and Full-Size Car segments declined the most by 1.03%, 1.02% and 0.93%, respectively.
• Volume-weighted, overall truck segment (including pickups, SUVs and vans) values decreased by 0.53% last week, similar to the depreciation rate of 0.57% seen in the previous four weeks.
• Sub-Compact Crossover, Minivan and Small Pickup segments declined the most by 1.53%, 0.77% and 0.69%, respectively.
Retention Trends of 2-Year Old Sporty Cars
Retention trends for 2-year old Sporty Cars have been on a lower trajectory this year with sharper declines in Q4. The retention values are 5-percentage points lower this year for 2014 Model Year vehicles in this segment in com