BLACK BOOK – After weeks of high no-sales rates, this past week we started to see some small signs of improvement with some auctions around the country reporting conversion rates reaching 40% or more.
“After weeks of high no-sale rates, this past week we started to see some small signs of improvement with some auctions around the country reporting conversion rates reaching 40% or more," said Laura Wehunt, Vice President, Automotive Valuations.
Here is the latest data from Black Book:
- Volume-weighted, overall car segment values decreased by -1.31% this past week. This is the 5th week of large depreciations and gives us a 5-week average of -1.08%. This past week’s depreciation was slightly less than the prior week that was -1.40%.
- Once again, this past week the Premium Sporty Car segment was the only segment to have smaller declines as the specialty and collector units don’t appear to have their demand falling as sharply.
- Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by -1.24% last week. This is larger than last week’s depreciation of -1.00%.
- Last week fuel prices made headlines as oil futures prices dropped below zero and that is showing in the large depreciations of the more fuel-efficient segments, Sub-Compact and Compact Crossovers.