Car, Truck Market Show Broad Weekly Decline

Photo courtesy of Black Book.
Photo courtesy of Black Book.

This week’s Black Book Market Insights report shows how the entire car and truck market showed broad declines this past week, with the exception of small pickups.

The report also detailed the weakened retention of Sub-Compact Cars, when compared to the previous. This is due to rising supply levels and still-low gas prices.

“The wholesale vehicle market experienced broad declines across most vehicle segments, led by the SubCompact Car segment continuing to drop the most,” said Anil Goyal, senior vice president of automotive valuation and analytics.

According to the report, here are other key stats:

• Volume-weighted, overall car values decreased by 0.43% last week. This is similar to the average depreciation rate of 0.40% seen in the previous four weeks.

• Sub-Compact Car led the decline by 0.96% followed by Luxury C0ar and Prestige Luxury Car segments declining at 0.68% and 0.57%, respectively.

• Volume-weighted, overall truck values decreased by 0.37% last week. This is similar to the average depreciation rate of 0.30% seen in the previous four weeks.

• Small pickup was the only segment with an increase of 0.22% last week.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

A Shared Mobility Model Takes Shape for Fleets

Technology that allows cab drivers flexible access to a shared fleet is leveling the playing field for an 89-year-old taxi company.

Safety Tech: Crash Avoidance or Sensory Overload?

As advanced safety technologies become even more pervasive on mainstream vehicles, are we creating “stupid drivers?"

Own the Fleet, Own the Future

In the dialogue surrounding new transportation paradigms, fleets have been off the public radar until recently. Here’s what’s going on, and a way for you to participate in the conversation.

Job Finder: Access Top Talent. Fill Key Positions.

>