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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Toyota and Porsche led mainstream and luxury brands in Edmunds’ 2018 Best Retained Value awards. Collectively, the two brands earned eight of the 18 brand-level awards that Edmunds gives out each year.
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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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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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The used-vehicle industry reached a record-breaking 39.2 million in sales in 2017, representing a 1.6% year-over-year increase, according to the latest Used Car Report from Edmunds.
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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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Used truck prices are holding steady, with supply still dictating pricing. That’s the word from J.D. Power’s Commercial Truck Guidelines for March, which notes that February is the first month in any new year with a high enough volume of used truck auctions to allow analysts to identify market trends.
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Even with the decline in February, however, overall late-model volume in the month was still 5.8% higher than in February 2017 due to volume growth in previous months.
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