Strongest Week for Used Cars in Two Years

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 shows that the market for cars, particularly smaller models, continues to strengthen throughout the spring season. Check out the report to see which segments saw significant price increases last week, as well as a retention report on Compact Cars showing a rebound in retention rates for two-year-old models.

“Very strong week in car values led by Compact Cars. Tax season demand continues to be strong,” said Anil Goyal, Executive Vice President, Operations.

  • Volume-weighted, overall car segment values increased by 0.26% last week. In comparison, the market values had decreased on average by 0.11% per week in the previous four weeks.
  • In cars, Compact Car segments increased the most in value last week.
  • Volume-weighted, overall truck segment (including pickups, SUVs and vans) values decreased by 0.19% last week. In comparison, the market values had decreased on average by 0.22% per week in the previous four weeks.
  • In trucks, Sub-Compact Crossover segment increased the most in value last week.

 

Click here to download the full report.


by Black Book via Everyone's ADM Blog Posts - Automotive Digital Marketing

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