Q1 Auction Sales Performing Well
Momentum picking up steam in the early weeks of the spring selling season, with prices rising on Sub-Compact Cars, Compact Cars, and prices unchanged on Mid-Size Cars. The Black Book Retention Index illustrates how recent retention rates on Sub-Compact Cars have made it a good value for buyers.
- Volume-weighted, overall car segment values decreased by 0.18% last week, much better than the
average weekly decrease of 0.34% in values over the previous four weeks.
- Sub-Compact Car segment performed the best among all car segments with values going up by +0.31%
- Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by
0.21% last week, much better than the average weekly decrease of 0.44% in values over the previous
- Small Pickup and Full-Size Pickup segments performed the best among all the truck segments.
Retention trends on Sub-Compact Car segments have declined precipitously over the last three years. With low values
on used vehicles, prices look good in this segment for the tax-refund buyer at this time of the year.
Model Years: 2009-2015, Volume-Weighted Wholesale Average Values, Weekly Change from 2/16/18 to 2/23/18