This Black Book Market Insights for the week of February 2 looks at valuation trends as we close out January and inch toward the spring selling season.
This past week, trucks saw a strong period of retention while cars continued to show some weakness. More specifically, full-size pickups are showing noticeable strength in activity.
“Trucks experienced the smallest week-over-week depreciation seen this year,” said Anil Goyal, VP of Automotive Valuation and Analytics for Black Book.
Volume-weighted, overall car values decreased by 0.37 percent last week. Last year, the same week declined by a rate of 0.21 percent. Last week the mid-size car segment was the first of 2016 to see a rise in value, but this week all car segments experienced downward pressure.
Volume-weighted, overall truck values decreased by 0.28 percent last week. Last year, the same week declined by a rate of 0.25 percent. The full-size pickup segment experienced the least depreciation seen in the segment since September 2015 with 0.02 percent.
Additionally, the medium-duty truck market held steady this past month. The 2005-2012 model years came down on average, $371 or 1.9 percent. In December, that average decline for this group was $363 or 1.9 percent.
Originally posted on Work Truck Online