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Car Values Starting To Slide While Truck Values Remain Stable

 

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 identified an increasing number of car segments displaying greater week-over-week depreciation from data within the auction lanes. In fact, Near Luxury Cars was the only car segment with a positive increase last week, registering just +0.04% change from the previous week. Trucks on the other hand continue to show solid strength in the market, with seven truck segments either unchanged or positive change on the week.

 

“As anticipated, car values have started to decline after an extended spring season while trucks continue to hold values relatively well,” said Anil Goyal, Vice President of Automotive Valuation and Analytics.

 

  • Overall, the volume-weighted car values decreased by 0.43% last week. 
  • Overall, the volume-weighted truck values remained stable, increasing by 0.07% last week. 
  • Mid-Size cars showed the largest drops in prices. Upper Mid-Size Car segment showed a decrease of 0.92% last week. However, the mainstream hybrid and electric vehicle values are soft as fuel prices remain low.
  • Pickup segment did well in trucks with Compact Pickup increasing by 0.62% and Full-Size Pickup increasing by 0.50%.  
  • Full-size commercial vans with the old body style continue to do well.

 

 Click here to download the full report.

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Tags: autos, black, book, cars, used, vehicle

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