Affordable Used Sedans Lead Rise In Value - The April 9, 2019 Black Book Used Car Market Report
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SEE ALSO The Auto Channel Used Car and Truck SuperSearch - Includes Craigslist and 5 Other Classified Sites)
This weekly article covers the updates and insights you need to stay on top of this ever-changing industry, as it happens. When you stay abreast of vital market conditions like gas prices, seasonal trends, segment depreciation, and specialty market data – you’re better prepared to make the decisions that can make or break your profitability.
Market Insights – 4/9/2019
“The spring market trend continues, with affordable used sedans rising the most in values. The crossovers are showing an uptrend as well, but not as strong as the sedans.”
Anil Goyal, Executive Vice President, Operations
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Mainstream Sedans Continue to be in Demand in the Used Market
- Volume-weighted, overall car segment values increased by 0.25% last week. In comparison, the market values had decreased by 0.10% on average during the prior 4-week period.
- In cars, the values of Sub-Compact Cars increased the most, rising by +0.74%.
- Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by only 0.01% last week. In comparison, the market values had decreased by 0.28% on average during the prior 4-week period.
- In trucks, Compact Vans experienced the highest increase at +0.90%.
Sentiment from the Industry
Key comments from auction lanes and industry observers:
“Both inventory and attendance were up in numbers. The quality of the consigned inventory was sub-par, but most sold anyway.” Bret in GA
“A strong sale with lots of action. More vehicles were purchased online as opposed to in the lanes.” Mark in CA
“A high percentage of vehicles sold as dealers were stepping up their bids. I heard some complaints from dealers about having to pay higher than normal prices to secure inventory.” Gene in Pa
“Almost everything is selling amid very active bidding. Prices are moving up on most models.” Dick in WI
Depreciation Rates in Q1 2019
3-Month Change in Values By Segment
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Recent trends show higher depreciation on luxury vehicles. It is interesting to note the different segments that show the lowest depreciation.
Vehicle Highlight
2019 Mercedes-Benz A-Class A220 is equipped with a 2.0L inline 4-cylinder turbo engine, producing 188 hp and 221 lb-ft of torque. The new A220 sedan offers active driving features, and is equipped with Mercedes new infotainment system (MBUX). MSRP with destination starts at $33,395, with an additional $2,000 for the 4MATIC version. The key competitors include the Acura ILX, Audi A3, and Lexus IS300.
