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 the continuation of the spring market with individual segment depreciation trends across cars and trucks. The report also illustrates depreciation insights across the first quarter, where recent trends show higher depreciation on luxury vehicles.
“The spring market trend continues, with affordable used sedans rising the most in values. The crossovers are showing an uptrend as well, but not as strong as the sedans,” said Anil Goyal, Executive Vice President, Operations for Black Book.
- Volume-weighted, overall car segment values increased by 0.25% last week. In comparison, the market values had decreased by 0.10% on average during the prior 4-week period.
- In cars, the values of Sub-Compact Cars increased the most, rising by +0.74%.
- Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by only 0.01% last week. In comparison, the market values had decreased by 0.28% on average during the prior 4-week period.
- In trucks, Compact Vans experienced the highest increase at +0.90%.