Market Remains Steady

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 Market Insights Report shows illustrates the continued strength used car prices have on the industry currently with cars overall stronger than trucks despite America’s strong appetite for trucks and SUVs. The report also showcases the three-year retention trends for Compact Cars.

“Another banner week for used vehicle values! While consumers prefer SUVs to cars in the new market, cars are in strong demand as the more affordable option in the used market,” said Anil Goyal, Executive Vice President, Operations, Black Book.

  • Volume-weighted, overall car segment values decreased by just 0.06% last week. In comparison, the values had decreased at a rate of 0.15% per week during the previous four weeks.
  • Among car segments, Full-Size Car values increased by 0.22% last week.
  • Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.16% last week. In comparison, the values had decreased at a rate of 0.15% per week during the previous four weeks.
  • Among truck segments, Small Pickup values increased by 0.40% 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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