Sedan wholesale values are expected to improve as more SUVs and crossovers return to the used market. Meanwhile, SUV and crossover wholesale values are beginning to decline
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Used cars of all sizes outperformed trucks, vans, and larger SUVs at wholesale auctions in March, Black Book is reporting.
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New-vehicle sales are expected to decline 2% year-over-year to 1.34 million units in October, resulting in an estimated 17.9 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book (KBB).
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After five straight years of market-share gains, the SUV segment may be poised for a slowdown, according to a new analysis from Edmunds.
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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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Black Book has new data that shows truck segments may be feeling additional pricing pressure, resulting in many trucks not holding their values as well as in previous years.
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Smaller cars showed the highest depreciation levels in June, while SUVs, pickups, and vans showed relative strength in a used-car market that's now tilted toward larger, less fuel efficient vehicles.
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Compact SUVs held the strongest retention value in April, increasing 2.8 percent in a month that saw overall depreciation largely unchanged from March levels, according to Black Book.
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Black Book has begun offering residual valuation data for a new group of compact SUVs entering the market as it expands coverage of one of the automotive industry's fastest growing segments.
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