VP of Automotive Valuation and Analytics
Volume-weighted truck values decreased by 0.46% last week, and it was is the largest truck segment depreciation rate seen since October 2014. Compact SUV and Full-Size Caro Van saw their depreciation at greater than 1%; Mid-Size SUV, Mini Cargo Van, and Mini Passenger Van experienced only small price declines. The effects of the fall market are starting to be felt across all segments.
Volume-Weighted Used Car Values Decreased by 0.51% Last Week:
That was the highest depreciation rate seen since the third week of July.
Upper Mid-Size Car, Entry Level Car, and Full-Size Car Saw Largest Depreciation:
Experienced value declines of -0.89%, -0.88%, and -0.75%, respectively.
Black Book Team Heard that Attendance Has Been Lower at Some Auctions:
Buyers and sellers were satisfied with performance at the auctions overall.