Used cars of all sizes outperformed trucks, vans, and larger SUVs at wholesale auctions in March, Black Book is reporting.
Read More →Overall car segment value increased 0.15% last week, compared to a rise of 0.24% the week before. The main contributing segments to this rise were subcompact cars, compact cars, mid-size cars, and sporty cars. Respectively, these segments saw their values rise by 0.25%, 0.34%, 0.60%, and 0.30%.
Read More →Overall car segment values were up last week, as the value of compact and mid-size cars continues to hold strong, marking the third week of consecutive growth for cars, according to Black Book’s April 9 Market Insights report.
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Many small car segments saw improvements to their average wholesale values through March, however, a dip in values among larger cars resulted in an overall decline to used vehicle values, according to Black Book data.
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Average wholesale car values were up last week, representing the second consecutive week of growth for cars, according to Black Book’s April 2 Market Insights report.
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Fleet mainstays such as pickups and vans are expected to perform well at wholesale this year. Higher-end vehicles, such as those found in executive fleets are expected to struggle.
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Car segment values continued to thrive last week, as nearly all vehicles within the segment saw growing consumer demand, according to Black Book’s March 26 Market Insights report.
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Overall, average wholes car values were essentially flat last week, down 0.01%, compared to 0.14% the week before. Had it not been for luxury vehicles the car segment would have seen a week-to-week rise in average wholesale values.
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The average price of two- to seven-year-old vehicles depreciated less sharply than expected in February due to "a spirited start to the spring selling season" that has boosted prices for used passenger cars, according to Black Book.
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For the sixth week in a row, the car segment has realized lower depreciation than the truck segment, according to Black Book’s March 12 Market Insights report.
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