Used vehicle prices experienced a reversal in May, falling 1.2% from the previous month, according to Black Book.
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As the small crossover segment continued to thrive, sub-compact and compact car values continued their steady decline last week, according to Black Book’s June 5 Market Insights report.
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“It is expected that we will see more declines in the Index in the months ahead as we move deeper into the year, particularly driven by softness among car segments,” said Anil Goyal, senior vice president of Automotive Valuation and Analytics for Black Book.
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The rate of depreciation among car segments continued to accelerate last week, particularly among mid-size, full-size, and subcompact cars, according to Black Book’s May 29 Market Insights report.
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As the market approaches the tail end of the spring season, wholesale values for both cars and trucks are on the decline, according to Black Book’s May 22 Market Insights Report.
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The tool, the company stated, allows automotive industry professionals, lenders, OEMs, and dealers to value their entire portfolio through a secure, on-demand, self-service platform.
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Average wholesale values continued their downward trend last week, as the spring market comes to an end, according to Black Book’s May 15 Market Insights report.
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Used vehicles increased 0.4% in value in April, as buyers boosted the value of smaller cars, which have begun to shrug off several years of heavier declines, according to Black Book.
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Trucks outperformed cars last week, driven in large part by the strength of compact vans, according to Black Book’s May 8 Market Insights report.
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Used vehicle values increased slightly in April as tracked by Black Book's Used Vehicle Retention Index that measures values of 2- to 6-year old vehicles, according to the company.
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