Compact pickups and compact SUVs retained the most value in remarketing sales during November, according to a Black Book report released Monday.
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With an overall average segment depreciation of -1.7 percent during November, the market appeared to be better than the October average segment change of -2.3 percent
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Used vehicles model-years 2008-2012 overall depreciated -2.1 percent in October, marking a noticeable change from September data recorded at -1.3 percent.
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From last week’s largest declines in the previous five weeks on the cars and for eight weeks on the trucks, the level of adjustment moved to a smaller decline in the most recent week-over-week comparison for both the cars and trucks.
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Gasoline prices continue to drop, but fuel-efficient car segments start to see bigger price declines after several strong weeks.
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When looking at the car segment changes the highest percentage changes come from the opposite extremes of fuel-economy levels. The trucks average segment change decline has increased for the third consecutive week but not at the same level as the cars.
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Black Book announced that its entire team of vehicle value editors and data analysts has become Certified Auto Remarketers under the International Automotive Remarketers Alliance (IARA).
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Auction Academy has entered its second year, with two class groups participating in its continuing education program. Black Book, Henry and Patty Stanley, OVE, and Design Works AMG have confirmed sponsorship for a second year.
Read More →Used vehicles model-years 2007-2011 overall depreciated -1.4 percent in July, slightly more than the -1.3 percent pace in June and -1 percent level in May. Domestic trucks were -1.4 percent and import trucks were -1.3 percent.
Read More →Key factors affecting prices beyond the model-year changeover are a larger number of trade-ins, with 60 percent of new-car sales involving one, according to Black Book, and a greater supply of off-lease models.
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