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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.
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This week’s Black Book Market Insights report shows increased depreciation in luxury vehicles. Trucks as a whole had a greater average depreciation this week as compared to cars. However, two vehicle segments within the truck segment had solid retention and even increased their values from last week.
“Active sales in most locations as some dealers sell off inventories before the end of the year while others buy selectively. Luxury vehicle prices dropped the most last week,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
Average Incentive Spend by Segment
Incentive spending has been rising steadily this year but the level varies by segment. Car segments have the highest incentive spend as percent of typically equipped retail price.