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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.
This week’s Black Book Market Insights report looks at last week’s notable trends, which points out that Luxury Cars are seeing the highest depreciation currently of all car segments. Could this be a result of all the off-lease volume returning to the market?
“Luxury car segments continue to show larger declines while small cars, small crossovers and pickup trucks increased in value last week,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics
· Volume-weighted, overall car values decreased by 0.22% last week. This is about the same as the average depreciation rate of 0.25% seen in the previous eight weeks.
· The Luxury Car segment performed the worst, dropping by 0.55% while the Sub-Compact Car segment increased in value by 0.15% last week.
· Volume-weighted, overall truck values remained consistent, changing by only -0.01% last week. This is much stronger than the average depreciation rate of 0.33% seen in the previous eight weeks.
· The Compact Van segment performed the worst, dropping by 0.98% while the Sub-Compact Crossover segment increased in value by 0.31% last week.