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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 takes a look at late December pricing trends. Auction personnel noticed that overall prices have held up relatively well throughout the holiday season, potentially setting the stage for a strong January heading into the busy tax season and Spring market.
“Overall, auction activity seems to have held up well this week considering the holidays. Maybe this will lead to a strong start for the New Year,” said Anil Goyal, Vice President of Automotive Valuation and Analytics.
Specialty Markets Update
The Scottsdale collectible car auctions are only a few short weeks away. Will the market be able to sustain its momentum, or is it time for a correction?
Prices in the Powersports market declined slightly this month as most segments seem to be “idling” along at the moment, waiting for the annual Spring inventory buildup.
Yet again, for the ninth month in a row, the values of motorized and towable units have moved in different directions.
We will just have to wait and see if the higher volumes of late model HD trucks at auction continues, but even if the quantities drop it will be difficult for values to rise very much.
The Medium Duty market took a little bigger drop this past month. The 2005-2012 model years came down on average, $363 or 1.9%.