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 shows car segments as a whole depreciating more than the truck segments. Cars overall decreased in value by 18% more than trucks did. Out of all vehicle categories, Mid-Sized Cars saw the highest depreciation at -0.75%.
“Mixed reactions noted in the auto auctions across the nation as the market tries to find direction going forward after a resilient performance in the first two quarters” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
Collectible Cars: The auctions held in late June and July all had very respectable showings, but everyone in the hobby has turned their attention to the automotive super week that takes over Pebble Beach and the Monterey peninsula in mid-August.
Recreational Vehicles: The values of both motorized and towable RVs increased at auction last month, although the sales volumes were down.
Powersports: Every segment in the Powersports market is down, even a few that normally show signs of life this time of year.
Heavy Duty: The reasons why some trucks do better than others is often hard to pinpoint, but age, miles and condition are the big factors.
Medium Duty: The wholesale market continues its downward trend as we ease through the summer months. This past month we experienced a bit more depreciation than we did in June. Auction prices continue to drop on most of the units we track.