UNITED STATES — 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, notes a six-week trend in higher depreciation in trucks versus cars.
The Black Book Market Insights report illustrates the continued strength displayed by a handful of car segments, such as Subcompact, Compact and Sporty Cars. The report also shows where lease penetration in 2017 may have reached its highest level, and now may be facing a pullback along with the slipping new-car sales.
“The Spring Market continues, especially for small cars and older units. Sporty Cars are also starting to experience a seasonal lift in demand as warmer weather arrives,” said Anil Goyal, executive vice president, Operations.
- Volume-weighted, overall car segment values declined by only 0.14 percent last week. In comparison, the market values had decreased on average by 0.18 percent per week in the previous four weeks.
- In cars, the Sporty Car and Sub-Compact Car segments performed the best, with values increasing by 0.20 percent and 0.08 percent respectively last week.
- Volume-weighted, overall truck segment (including pickups, SUVs and vans) values decreased by 0.22 percent last week, better than the average decrease of 0.30 percent per week in the previous four weeks.
- In trucks, the Full-Size Luxury Crossover/SUV and Compact Van segments performed the worst with values declining by 0.66 percent and 0.47 percent respectively last week.
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SOURCE: Black Book press release