![]() ![]() For model-year 2014 luxury cars, retention in October dropped to 50%. For 2010 model-year luxury cars, retention in September 2012 was 54%. ![]() The firm noted that the retention rate for the segment has remained consistent in the past few years - that’s until this year when it declined slightly by three percentage points. ![]() To illustrate the drop in wholesale values, Black Book took a look at the luxury segment’s five-year trend. In the truck segment, subcompact crossovers, minivans and mid-size crossovers and SUVs recorded the largest weekly decline in values, falling 1.13%, 1.03%, and 0.88%, respectively. Black Book sources pricing data from both wholesale auctions and actual vehicle transactions from across. “This trend is already starting to show in the first two weeks of the quarter with the largest year-to-date weekly decline in car values.”ĭeclining the most in the car category were sporty cars, luxury cars, and full-size cars, with their wholes values falling 1.32%, 1.24%, and 1.03%, respectively. The Black Book value is essentially the wholesale or auction value of a car. “The fourth quarter typically experiences the largest depreciation in vehicle values,” said Anil Goyal, senior vice president of automotive valuation and analytics at Black Book. Each price valuation you get from Black Book derives from data collection resources such as vehicle auctions, retail pricing sources, and private party resale. Kelley Blue Book is the trusted resource to find everything you need to value your car and find your next one. As for the overall truck segment, values decreased by 0.63%, which was higher than the 0.55% depreciation rate recorded during the previous four weeks. Volume weighted, overall car segment values fell 0.92% last week, much higher than depreciation rate of 0.61% in the previous four week. Ultimately, whether its us, Black Book ®, or Kelley Blue Book ®, your trade-in value is dependent on several factors including make, model, year, condition, accessories and mileage. Trucks also recorded a sizable drop in values. If you plan to sell your car yourself, youll want to also research the Kelley Blue Book ® Private Party value, which is typically higher than trade-in value. Whether a seasonal trend or a sign of things to come, Black Book recorded the largest year-to-date weekly decline in car values last week. ![]()
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