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Extended Market Strength With Smaller Cars Strength

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.
 
In this week’s report, the Black Book editorial team reports on data trends straight from the auction lanes that may be showing signs of a tired tax season. Comments from the lanes and data show that used vehicle inventories have been replenished, and remarketers are seeing signs of a buyer slowdown across many car segments in particular.
 
Car segments overall were relatively unchanged from the previous week, with strength coming from the Compact Cars (+0.17%), Full-Size Cars (+0.14%), and Entry Mid-Size Cars (+0.12%). Trucks overall fared a little better at +0.31%, led by Compact SUVs (+1.17%) and Mid-Size SUVs (+0.65%).
 
“The wholesale market remains strong, especially for trucks; however, buyers are starting to show resistance as more no-sales are being reported all across the country,” said Anil Goyal, Vice President of Automotive Valuation and Analytics.
 

  • Overall, the volume-weighted car values were flat from last week.
  • Overall, the volume-weighted truck values increased by +0.31% from last week.
  • Small cars seem to be selling better than in past weeks. With a good supply in such segments, prices are likely to slowly decline through the rest of the year.
  • Trucks showed broad strength across the SUV and Pickup segments.
  • In our discussions with dealers, we gained insights that they have “enough inventory” and were mainly looking for “bargains” now.
  • Several buyers were quoted saying that they feel the market will start dropping soon and they are being cautious as to what they are willing to pay for inventory replacement.

 
Click here to download the full report.

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