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Market Insight – Luxury Cars and SUVs

by Car Appraiser on April 1, 2016

Luxury Cars and SUVs performance – March 2016.

 

market-insight-luxury-car-and-suv

Luxury car and SUV value change had relatively poor performance last week while most other car and
Crossover/SUV value change showed good week over week retention.

Luxury Cars Large Decline.
– Volume-weighted, overall car values decreased by 0.17% last week. This is much better than the
average depreciation rate of 0.32% seen in the previous four weeks.
– Full-Size Car and Sub-Compact Car were the only car segments with an increase in value of +0.13% and
+0.03%, respectively. Near Luxury Car, Luxury Car and Prestige Luxury Car segments declined by
0.61%, 0.59% and 0.41%, respectively.
– Volume-weighted, overall truck values decreased by 0.39% last week. This is close to the average
depreciation rate of 0.34% seen in the previous four weeks.
– Sub-Compact Crossover was the only truck segment with an increase in value of +0.21%. Full-size
Pickup declined by 0.81%.

Year to date, Mid-Size Car, Full-Size Crossover/SUV and Sub-Compact Crossover have depreciated the
lowest. On the other hand, Minivan, Prestige Luxury Car and Compact Van segment show the largest
decline in the first 12 weeks of the year.

Vehicle Highlight
2016 Lexus RX 350 is available in Base (FWD and AWD) and F-Sport AWD trim
levels. Base MSRP starts at $42,840 including destination charge. It’s completely
redesigned both inside and outside. The 3.5-liter V6 engine delivers 295
horsepower. Close competitors include BMW X3, Mercedes-Benz GLC, Cadillac
XT5, Audi Q5 and Lincoln MKX.

Report courtesy of Black Book.

Source: Market-Insight-March-28

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