Floor Traffic Slows and Used-Vehicle Values Decline

A seasonal decrease in floor traffic at franchised and independent used-car lots lead to a decline in values across all 24 vehicle segments, according to the Used Car Market report by Black Book.

The average segment adjustment amount was also the largest amount for both the car and the truck segments since Black Book began tracking this type of data, said Black Book’s vice president and managing editor Ricky Beggs.

Car values have declined for five consecutive weeks, while truck values have dropped seven straight weeks and at a dollar amount that is 230 percent greater than the cars (-$143 vs. -$62).

The average daily vehicle adjustment was 2,420 changes, which was 151 percent more models adjusted than the previous week of 1,600. Only 1 percent of the adjustments were increases in values, which came as no surprise, Beggs said. The overall adjustment amount dropped to $188, which was an increase from last week’s decline of $163.

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

What is Your Time Worth?

Personal observations of retail and travel transactions reveal just how much a consumer’s time is worth today, and how increasingly intolerant we are of inefficient transactions.

Safeguarding Your Business with Brokers

While the high-profile bankruptcy of Atlas Choice has left many car rental companies wary of working with brokers, rental companies can take steps to protect themselves and ensure a productive relationship.

My Number One Takeaway from ICRS 2017

This year’s International Car Rental Show (ICRS) opened the door to new business models facing transportation today — yet adapting to these new technologies is not the first key to survival.

Job Finder: Access Top Talent. Fill Key Positions.

>