Vincentric has announced the winners of its 7th annual Best Certified Pre-Owned Value in America Awards and Ford, Subaru, and Lexus were some of the key winners.
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Wholesale values were way down last week, as various truck and car segment vehicles saw steep depreciation.
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The seasonally adjusted annualized rate of U.S. new vehicle sales could exceed 17 million units for the fifth straight year, a surprise for many, as forecasters predicted a slight drop off in 2019.
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Small truck and car segment vehicles saw steep depreciation last week, continuing the trend of accelerated depreciation within the overall wholesale market.
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After several weeks of accelerated depreciation, this week's Black Book Market Insights report shows more stable wholesale values.
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Subcompact crossovers were the only segment that saw a positive change last month, compact vans and luxury cars saw the biggest declines.
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Certified pre-owned vehicles have been strong this year. If the segment's current pace continues it should be able to beat out last year's record sales year.
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Both the car and truck segment saw similar depreciation: overall car segment values decreased 0.51% last week compared to 0.65% the week before while truck segment values decreased 0.54% compared to 0.48% the week before.
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The used wholesale market showed strength in September, as values overall held up in line with what’s expected in summer, but the market is also beginning to show signs of weakness.
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Average wholesale used prices continued to see steep declines last week, as used values registered the largest drop since spring, according to Black Book’s Oct. 8 Market Insights report.
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