Best Weekly Performance in Two Months for Used Vehicles

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 Black Book Market Insights report is showing a little strengthening in the market, most likely due to dealers looking to begin replacing damaged or destroyed vehicles caused by Irma. The report also showcases the latest Black Book Retention Index.

“Dealers are actively looking to buy inventory and shipping vehicles to the Houston area, anticipating strong demand due to replacement of damaged units,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.

  • Volume-weighted, overall car segment values decreased by 0.27% last week, better than the average weekly decrease of 0.49% in values over the previous four weeks.
  • Prestige Luxury Car and Near Luxury Car segments declined the most by 0.62% and 0.46%, respectively.
  • Volume-weighted, overall truck segment (including pickups, SUVs and vans) values decreased by 0.15% last week, better than the average weekly decrease of 0.33% in values over the previous four weeks.
  • Sub-Compact Crossover segment declined the most among truck segments by 0.66%.


Click here to download the full report.

 

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