Black Book’s Market Update shows the market continues to follow typical seasonal depreciation patterns, with an overall decline of -0.51%, aligning closely with the pre-pandemic average depreciation rate of -0.53%. Last week, while auction inventory increased, conversion rates decreased to an average of 57%, compared to the consistent 58% seen in recent weeks.

Car Segments

• On a volume-weighted basis, the overall Car segment decreased -0.61%. For reference, in the previous week, cars decreased -0.38%.
• The 0-to-2-year-old Car segments were down -0.38% and 8-to-16-year-old Cars decreased -0.96%.
• All nine Car segments experienced declines last week.
• Full-Size Car depreciation increased last week, with the segment reporting a -1.02% decline. The last instance of a decline surpassing 1% for this segment was in December of the previous year.
• The Premium Sporty Car segment continues to experience minimal declines, falling by just -0.11% last week. Over the past four weeks, it has averaged a weekly depreciation of -0.08%.
• The mainstream Sporty Car segment experienced a rise in depreciation last week, falling by -0.75%, compared to the previous week’s -0.35% decline.

 Truck / SUV Segments

• The volume-weighted, overall Truck segment decreased -0.47% compared to the decrease seen the prior week of -0.60%.
• The 0-to-2-year-old models saw an average decrease of -0.39% and the 8-to-16-year-old models experienced an average decrease of -0.68%.
• All thirteen Truck segments reported a decrease last week.
• The Full-Size Luxury Crossover segment continues to report large declines, dropping -0.97% last week. Over the past four weeks, it has averaged a weekly depreciation of -0.87%.
• Full-Size Pickup depreciation eased last week, with the segment decreasing by just -0.29%, compared to the previous week’s larger decline of -0.83%.
• After three weeks of increases, the 0 to 2-year-old Sub-Compact Luxury segment has reverted to declines, with the segment falling by -0.34% last week compared to the previous week’s -0.14% drop.