This week’s Black Book Market Insights report shows the early stages of the spring selling season, with cars holding retention better than trucks at auto auctions. The report also features the latest Black Book Retention Index, which fell -0.9% in January to 113.1 as the market depreciation increased following months of post-hurricane activity late last year.
“Market performance is the best so far this year with improving sales rates at auto auctions and tax-season vehicles fetching good prices,” said Anil Goyal, Black Book executive vice president, operations.
- Volume-weighted, overall car segment values decreased by 0.2% last week, much better than the average weekly decrease of 0.58% in values over the previous four weeks.
- Compact car segment performed the best among all car segments with values holding still from last week.
- Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.35% last week, slightly better than the average weekly decrease of 0.46% in values over the previous four weeks.
- Full-Size crossover/SUV and full-size luxury crossover/SUV segments performed the best among all the truck segments.