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Black Book reports record weekly decline for used vehicles

Black Book reports record weekly decline for used vehicles

UNITED STATES — This week’s Black Book Market Insights report shows that used vehicle value depreciation hit an all-time weekly high for 2017.

Sub-Compact Luxury Crossovers saw the largest decrease in values last week, dropping by -1.25 percent. A close second, Minivans, saw the next-highest depreciation falling -0.94 percent.

“A great deal can change with values over a few weeks; many segments are rapidly shifting toward seasonal high declines,” said Anil Goyal, senior vice president of Automotive Valuation and Analytics.

The report also found that:

Volume-weighted, overall car segment values decreased by 0.67 percent last week, the highest weekly average depreciation rate for cars this year.

The Mid-size and Near Luxury segments also had their respective highest weekly depreciation rates of the year at 0.9 percent and 0.89 percent. The Compact segment followed closely with a near-high, at 0.82 percent.

Volume-weighted, overall truck segment (including pickups, SUVs and vans) values decreased by 0.5 percent last week, the highest weekly average depreciation rate since January.

The Sub-Compact Luxury Crossover segment had the highest weekly depreciation rate at 1.25 percent. Minivan and Full-Size Crossover/SUV segments had their highest declines this year at 0.94 percent and 0.91 percent, respectively.

Download the entire report at Black Book.

SOURCE: Black Book press release

 

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About Ronnie Garrett

Ronnie Garrett is the editor in chief of RV Daily Report. She's been a writer/editor for more than 25 years, working in law enforcement, aviation, supply chain and now the RV industry. She's not a stranger to RVs, however. She grew up camping, and still camps as many weekends as she can every year.

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