Despite an expected 8.5% year-over-year decline in August volume, Cox Automotive forecasts a 16.3 million SAAR, with full-size pickups outperforming several major crossover segments.
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Compact cars values remained flat last week in average wholesale value, representing the best week for the segment this year, according to Black Book’s Feb. 12 Market Insights report.
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Wholesale used-vehicle prices decreased 0.74% month over month in January. This brought the Manheim Used Vehicle Value Index to 131.0, a 4.9% increase from a year ago but the lowest level since last July.
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Five General Motors vehicles from the 2018 model year have the lowest cost to own in their categories over a five-year period, while four Toyota or Lexus vehicles also made an annual list from Kelley Blue Book.
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Contrary to expectations, Black Book’s Used Vehicle Retention Index fell only 1.2% year-over-year in January, registering 113.1.
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As the tax season begins to roll in, stronger sales at auction resulted in some of the lowest depreciation for cars seen this year, according to Black Book’s Feb. 5 Market Insights Report.
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After a few weeks of rising depreciation, truck and car depreciation appear to be stabilize, according to Black Book’s Jan. 29 Market Insights report.
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Edmunds forecasts that 1,121,932 vehicles will be sold in the U.S. through January, marking a 1.4% year-over-year decline, and representing a seasonally adjusted annual rate (SAAR) of 16.7 million.
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Overall, average wholesale car segment values declined 0.76% last week, compared to 0.63% the week before. Overall, truck segment values declined 0.48%, compared to 0.39% the week before.
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Kelley Blue Book named Toyota as the winner of its 2018 Best Resale Value Award for the overall brand category, marking the third time that the company has received the award. For the luxury brand category, KBB named Porsche its winner.
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Wholesale vehicles averaged a 12-month depreciation of 13.2% in 2017, compared to a 12-month depreciation of 17.3% in 2016, according to Black Book.
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