Cars Continue to Depreciate Faster than Light Trucks

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 takes a look at the latest depreciation and incentive trends on cars and trucks. Incentive levels are a good gauge of demand in comparison to the inventory levels. Interestingly, a number of sedan segments continue to experience higher a level of incentives, indicating that the inventory is not yet aligned to demand.

“Used vehicle values were stable with the abbreviated auction schedules last week and most auto auctions experienced lower demand,” said Anil Goyal, Executive Vice President, Operations, for Black Book.

 

  • Volume-weighted, overall car segment values decreased by 0.41% last week. In comparison, the market values had decreased by 0.63% on average during the prior 4-week period.
  • In cars, the Full-Size Car segment experienced the biggest drop.
  • Volume-weighted, overall truck segment (including pickups, SUVs and vans) values decreased by 0.23% last week. In comparison, the market values had decreased by 0.48% on average during the prior 4-week period.
  • In trucks, the Minivan segment performed the worst.

 

Click here to download the full report.


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

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