In the car segment, luxury and sporty cars decreased the most in value last week, while mid-size vehicles showed a slight increase in value
by Staff
September 19, 2017
Courtesy of Black Book.
1 min to read
Courtesy of Black Book.
Compact SUVs increased their value and remained in high demand last week, boosting the overall retention value of the truck segment, according to Black Book's Sept. 19 Market Insights report.
Volume-weighted overall car segment values decreased by 0.48% last week. This decline is similar to the average weekly decrease of 0.41% in values during the past four weeks.
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In the car segment, luxury and sporty cars decreased the most, while mid-size vehicles showed a slight increase in value.
In the truck segment, values remained nearly stagnant, compared to the average decrease of 0.27% over the previous four weeks. The SUV and Compact Van segments increased the most among trucks by 0.37% and 0.51%, respectively.
“Active buying continued last week as Texas dealers replenished their inventory," said Anil Goyal, Black Book's senior vice president of automotive valuation and analytics. "Compact SUVs and mid-size cars did well."
Following Hertz, the company is the second global car rental conglomerate to sustain sizable losses due to lower customer demand and usage of electric rental cars.