Last week, used car values experienced the highest ...
[Pages:2]October 29, 2018
"Last week, used car values experienced the highest depreciation since January this year ? driven by rising no-sales noticed at several auto auctions."
Anil Goyal, Executive Vice President, Operations
WEEKLY CHANGE
0% -0.2% -0.4% -0.6% -0.8% -1.0% -1.2%
-$32 -0.54%
-$72 -0.90%
-$74 -0.83%
-$30 -0.27%
-$81 -0.52%
-$118 -0.63%
-$194 -0.57%
-$128 -0.85%
-$150 -0.39%
-$75 CARS -0.69%
WEEKLY CHANGE
+0.2% 0%
-0.2% -0.4% -0.6% -0.8% -1.0%
+$1 +0.01%
-$4 -0.03%
-$54 -0.44%
-$115 -0.74%
-$76 -0.34%
-$25 -0.15%
-$48 -0.25%
-$110 -0.54%
-$124 -0.40%
-$48 -0.37%
-$11 -0.13%
-$97 -0.62%
-$86 -0.44%
-$78 TRUCKS -0.48%
Model Years: 2010-2016, Volume Weighted Wholesale Average Values, Weekly Change from 10/19/18 to 10/26/18
Depreciation Trends Accelerating
? Volume-weighted, overall car segment values decreased by -0.69% last week. In comparison, the market values had decreased by only -0.36% on average during the prior 4-week period.
? In cars, the Compact Car, Mid-Size Car and Sporty Car segment experienced the biggest drops.
? Volume-weighted, overall truck segment (including pickups, SUVs and vans) values decreased by -0.48% last week. In comparison, the market values had decreased by -0.26% on average during the prior 4-week period.
? In trucks, the Mid-Size Crossover/SUV segment performed the worst.
October 29, 2018
Sentiment from the Auction Lanes
Our editors and personnel attend several auctions every week across the country to provide key insights:
"Rising no-sales are putting pressure on the consignor to lower the floors." Richard in WI
"The dealers still present a positive sentiment as we had a good run of vehicles with a good selection of nice units." Jim in WA
"A softer sale this week with more no-sales than we have had in 2 months." Greg in NV
"A new car dealer stated that he purchased more vehicles than normal to take advantage of the falling market." Norm in IL
"The sale started off promising before moving to mostly no-sales. The $5,000 price range was popular today." Bret in SC
12-Month Depreciation By Segment: Oct 2017 to Oct 2018
source: Black Book Visual Analytics
Retention rates (percent of original MSRP) have been declining on Near Luxury Cars as supplies from off-lease have risen while demand has declined due to rising competition from mainstream models. Currently, 2016 Model Year vehicles in this segment are retaining 49.3% of their MSRP. In comparison, 2012 Model Year vehicles retained 55.2% of their MSRP by October 2014.
Vehicle Highlight
The 2019 Jeep Cherokee is slightly refreshed for the new year with an updated fascia and rear end among other features. Standard on all trims but the Limited, Overland, and Trailhawk, the Cherokee features a 2.4L four- cylinder engine that is capable of up to 184 hp and 171 lb-ft of torque. MSRP for this Compact Crossover SUV starts at $25,190 including destination charges and its main competition includes the Ford Escape, Chevrolet Equinox, and Toyota Rav4.
1745 N. Brown Rd., Suite 130, Lawrenceville, GA 30043| 1.866.452.1400 | info@
Opt-in to receive reports from Black Book at
2
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- cvrp projected funding need and program change scenarios
- local advertising marketing program guidelines
- 2004 cars how c ars are cbs news
- t 11 5 newchevrolet n ow 0 84
- last week used car values experienced the highest
- n ew blue book ii c a
- j d power and associates reports us
- x ap statistics solutions to packet 1
- plants n a transmission n a my 2006 beg mob n a to
- guide to certified pre owned vehicle
Related searches
- stock market last week chart
- last week big news stories
- current events last week cnn
- last week stock market summary
- last week death notices
- used car values edmunds
- last week stock market
- last week news headlines
- best used car for the money
- last week s news
- true car values used cars
- nada car values used vehicle