Rise in Value in Surprising Segment; Trucks Losing Momentum

February 1, 2016
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This week’s Black Book Market Insights reveals a surprising segment opening 2016 with a price increase. And, while the increase isn’t by a large margin, it’s a segment that might surprise some people, especially given how it fared during much of 2015. Separately, this week’s report shines a light on truck segments, which continue to largely open 2016 with a thud compared to the momentum they had in 2015.

“Overall weekly depreciation rates decreased as some segments start to show strength prior to the tax-season. We expect depreciation to remain low through the tax season,” said Anil Goyal, vice president of Automotive Valuation and Analytics for Black Book

Volume-weighted, overall car values decreased by 0.29 percent last week. Last year, the same week (week three) declined by a rate of 0.33 percent. The Mid-size Car segment is the first of 2016 to rise in value (a mere 0.02 percent), Compact and Full-size Car segments had the largest changes for the week at -0.54 percent and -0.56 percent respectively.

Volume-weighted, overall truck values decreased by 0.39 percent last week. Last year, the same week (week three) declined by a rate of 0.17 percent.The Subcompact, Compact, and Mid-size CUV/SUV segments received their least depreciation of the month. All Luxury CUV/SUV segments depreciated over half a percent for the week. The Sub-compact, Compact, and Mid-size CUV/SUV segments received their least depreciation of the month. All Luxury CUV/SUV segments depreciated over half a percent for the week.

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