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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 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.