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

Understanding The Fleetification of Everything

As fleet miles increase exponentially, and as new stratum of fleet enter both consumer and business use cases, the "founding fathers" who gathered at Fleet Forward in Miami last week have some work to do.

The Problem with Valuing Safety Technology

As advanced safety technologies have migrated to mainstream vehicles, retaining value for these options at resale remains an issue.

ELD Mandate: Is Your Head Still in the Sand?

If you think you have 11 weeks to implement an Electronic Logging Device system to meet the Dec. 18 compliance deadline, you really don’t — for a few reasons.

Job Finder: Access Top Talent. Fill Key Positions.

>