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Black Book's Used Vehicle Retention Index fell to 113.6 in April, a 0.2% decline from March. Despite the index now falling for five straight months, it is still 1.4% higher than the 112 registered a year ago.
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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.
Read More →Black Book analysts forecast an annual depreciation rate of 15% in 2019 as the supply of used cars and trucks increases, up from a "noticeably strong" 12.4% depreciation rate in 2018.
Read More →Overall, average car segment wholesale values were up 0.29% last week, compared to a 0.15% rise the week before. Overall truck segment values depreciated by 0.04% last week, compared to 0.16% depreciation the week before.
Read More →After several weeks of accelerated depreciation, this week's Black Book Market Insights report shows more stable wholesale values.
Read More →Wholesale values declined 0.3% for model years 2016-2017 and 0.2% for model years 2008-2015 in December.
Read More →Car segments depreciated at nearly double the percentage of trucks this past week, with overall car values decreasing 0.47% during the week of July 25. This is similar to the average depreciation rate of 0.46% of the previous four weeks.
Read More →Pricing for car and truck segments weakened heading into the fourth quarter, which is typical this time of year. Crossovers and SUVs led the way with the highest value decline last week — the full-size crossover/SUV segment fell 1.12%.
Read More →This past week, full-size, compact, and entry midsize segments all lead with -1.08 percent, -0.98 percent, and -0.81 percent, respectively.
Read More →Trucks are facing heavier-than-normal depreciation trends while cars have also remained under noticeable price declines.
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