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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.
The Black Book editors are tracking a continued pattern of strength across several truck segments, with particular emphasis on crossovers. For car segments, the Black Book editors are noticing growing weakness among certain luxury vehicles.
“Interesting trends developed among different segments as luxury cars declined, mainstream brand cars remained stable and trucks continued to show strength,” said Anil Goyal, Vice President of Automotive Valuation and Analytics.
April Specialty Markets Report
Below is insight from Black Book’s Specialty Markets editors on the latest valuation trends and market insight on Collectibles, RVs, Powersports, and Heavy-Duty and Mediaum-Duty Trucks.
“Collectible cars continue to appreciate at an astounding pace, extending the pattern we have been seeing for the last few years. Although Vintage Exotics still lead the way, later model exotics and near-exotics are coming on strong.” - Eric Lawrence, Director of Specialty Markets for Black Book.
“The overall used RV market has softened a little. Auction prices for both motorized and towed units are lower than last month, which is slightly unusual in that March has outperformed February during four of the past five years for motor homes, and five consecutive years for towables. The number of units available at auction is up from last month, which may be contributing to the lower sale prices.” - Eric Lawrence, Director of Specialty Markets for Black Book.
“Pricing and auction activity in the Powersports Market continues to lag behind historical norms again this month.” – Scott Yarbrough, Motorcycle and Powersports Editor for Black Book
“More late model heavies showed up and their depreciation doubled, but with the late model construction/vocational trucks the dollar change was small.” – Charles Cathey, Heavy Duty Truck Editor for Black Book
“We have been waiting for better trades to make it to the physical auction and it looks like it is starting to happen.” – Brett Swanson, Medium Duty Truck Data Editor for Black Book