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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.
In this week's report, the Black Book editorial team takes a close look at this past week's valuation trends, with a special insiders look at activity within the Specialty Markets. Tax season buying and selling activity looks to be in high gear, with strong levels of change from both the cars and trucks. Particularly in focus this past week, Entry-Level Cars, Entry-Midsize Cars and Upper Mid-size Cars showed great strength, while Compact SUVs and Full-size Pickups outperformed for trucks.
“Markets continue to show broad strength across segments with both car and truck values appreciating last week in the strongest week this season,” said Anil Goyal, Vice President of Automotive Valuation and Analytics.
Overall, the volume-weighted car values increased by +0.05% last week, extending the market strength to 5 consecutive weeks
Overall, the volume-weighted truck values were stronger than cars, increasing by +0.15% past week
Entry-Level cars got another look by dealers, seeing the biggest increase among all segments at +0.73% last week
Compact SUV and Full-Size Pickup segments saw a significant increase at +0.68% and +0.54%, respectively
Specialty Markets Update for April
Collectibles car sales totals at the Amelia Island auction broke the $100,000,000 barrier
Motor Homes prices were up $525 (1.5%) from previous month
The economy is doing well, with consumers starting to buy big ticket recreational items
Late Model Heavy Duty Tractors are approaching a more normal monthly depreciation with a 0.6% ($435) and 0.8 %( $506) drop respectively for the month of March
“The overall RV market continues to pick up steam, as can be seen at the auctions through the increases in both volume and transaction prices for used motorized and towable units. This should continue for another month or two as dealers finish up stocking their lots for the prime RV selling season,” said Eric Lawrence, Director of Specialty Markets.
Click here to download the full report.