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.
Here’s the latest edition of Black Book Market Insights
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.