Automotive Digital Marketing

Professional Community for Car Dealers, Marketing, Advertising and Sales Leaders

Loading... Be Patient!

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.

 

  • Volume-weighted, overall car values decreased by 0.33% last week. All car segments had higher week-over-week depreciation rates, except the Prestige Luxury segment which remained relatively stable.
  • The Near Luxury Car segment had the largest change this past week at -$113, a 0.63% decrease from last week.
  • The Luxury Level Car segment is the only segment to have decreased every week over the past year.
  • Volume-weighted, overall truck values decreased by 0.36% last week.
  • Mid-Size CUV and Mini Cargo Van segments had the largest weekly depreciation rates at -0.75% and    -0.84%, respectively.

 

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%.

 


Click here to download the full report

Views: 36

Comment

Oops... You need to stop "Lurking" on ADM and become a more genuine Automotive Professional by completing your membership registration. As a registered ADM Member, you can post comments, publish your own articles (be a star!) and start Forum discussions. Stop being an online "Peeping Tom" and JOIN ADM RIGHT NOW!

Join Automotive Digital Marketing

Automotive Professional Network and Resource Exchange for Car Dealers, Managers, OEM and Marketing Practitioners seeking Best Practices.

ADM Sponsor

William B. Terry
Rated by Super Lawyers


loading ...

Please Consider Automotive Marketing Professional Community Sponsors

ADM Badge

Loading…

Based On Your Interests...

ADM Consulting, LLC

Onsite/Offsite Combination ADM Consulting, LLC Professional Services
Select the maximum monthly investment you plan to make
$USD
Sign up for

Automotive Marketing Tools

Get ADM Toolbar

Click here to take the ADM Member Survey

Getting too many emails from ADM? Click mailbox below to control which types of alerts and updates you are sent......


Instagram

SaveSave

ADM Professional Services
Phone Consultation
Topic or Issue:

Top Automotive Marketing Forum Discussions

1. BDC or Virtual BDC

Posted by Peter Stratton on February 26, 2020

Share the Best Content w/AutoMarketing Community

© 2020   Created by Ralph Paglia.   Powered by

ADM Badges  |  Report an Issue  |  Terms of Service