Truck Segment Values Held Better Last Week
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February 20, 2017 “The market sentiment in auction lanes remains optimistic. Luxury vehicles show higher depreciation than mainstream brands.” Anil Goyal, Senior Vice President of Automotive Valuation and Analytics +0.2% 0% -0.2% -$17 -$50 -$63 -0.4% -0.25% -$57 -0.30% CARS -$21 -$35 -$51 -0.39% -0.46% -0.6% -0.43% -0.40% -0.43% WEEKLY CHANGE WEEKLY -$162 -$216 -0.8% -0.58% -0.58% -$60 -1.0% -0.82% +0.2% $0 $0 0% 0% 0% -$7 -0.2% -$41 -$25 -0.05% TRUCKS -$34 -0.15% -$44 -$71 -$22 -$30 -0.27% -0.4% -$29 -$50 -0.24% -0.27% -0.24% -0.25% -0.28% -$69 -0.31% -$79 -0.32% WEEKLY CHANGE WEEKLY -0.38% -0.6% -0.44% -0.8% Model Years: 2008-2014, Volume-Weighted Wholesale Average Values, Weekly Change from 2/10/17 to 2/17/17 Truck Segment Values Held Better Last Week Volume-weighted, overall car segment values decreased by 0.46% last week, higher than the depreciation rate of 0.35% seen in the previous four weeks. Mid-Size Car, Prestige Luxury Car and Premium Sporty Car segments declined the most by 0.82%, 0.58% and 0.58%, respectively. Volume-weighted, overall truck segment (including pickup, SUVs and vans) values decreased by 0.27% last week, lower than the depreciation rate of 0.34% seen in the previous four weeks. Full-Size Crossover/SUV and Full-Size Pickup segments declined the most by 0.44% and 0.38%, respectively. February 20, 2017 Sentiment from the Auction Lanes Our editors and personnel attend about 60 auctions every week across the country to provide key insights: “Rainy day here today but cars were selling well and everyone seems very positive about the market.” Tim from IN “Good market here with mid-size cars in demand but more no-sales than last week.” Doug from TN “Prices stable in this market location with trucks leading demand.” Jim from WA “Dealer optimism remains high. Mid-size and compacts sold well today but luxury units were weak.” Greg from NV “Cheaper units selling very well here with tax money slowly coming in.” Roy from NC “Good crowd here today with a very active internet. Vehicles sold well most all day with more “if-sales” coming along towards the end.” Bret from KY Last Month Depreciation Trends by Segment Pickups, Mid-size car, Full-Size and Mid-Size Crossover/SUVs performed relatively better than other segments. Luxury segments had higher depreciation last month. Vehicle Highlight 2017 Dodge Charger is available in SE, SXT, R/T, R/T 392, SRT 392 and SRT Hellcat trims. Base MSRP starts at $29,090 including factory destination charge. A 292-hp, 3.6-liter V-6, and RWD are standard; AWD is optional. Available Hemi V-8s include a 370-hp, 5.7-liter or a 485-hp, 6.4-liter. Close competitors include Nissan Maxima, Kia Cadenza, Toyota Avalon, Chevrolet Impala, Buick LaCrosse, Chrysler 300 and Hyundai Azera. 1745 N. Brown Rd., Suite 130, Lawrenceville, GA 30043| 1.866.452.1400 www.blackbook.com| [email protected] Opt-in to receive reports from Black Book at http://www.blackbook.com/insights/market-insights 2 .