U.S. used vehicle values were flat in July at 115.0 month-over-month, but still higher than those from February to May, according to the Black Book Index.
July also posted a higher value than the same period a year earlier, when it was marked at 113.9 — representing a 1.0 per cent increase year-over-year.
Volume-weighted overall car segment values dipped 0.16 per cent (-$17) between August 2-9, but had decreased more significantly (0.45 per cent) on average during the prior four-week period.
Compact cars were up 0.10 per cent (+$8), when all other categories were down: sub-compact cars dropped 0.51 per cent (-$31), prestige luxury cars declined 0.44 per cent (-$143), and the luxury car category was down 0.39 per cent (-$73).
The truck segment declined 0.06 per cent (-$9), with sub-compact luxury crossovers showing the greatest decrease of 0.66 per cent or -$107. The minivan and van categories were up, along with full-size pickup trucks — the latter showing an increase of 0.17 per cent (+$34).
“Strong valuation trends were seen across the majority of vehicle segments last week,” said Anil Goyal, Executive Vice President of Operations at Black Book. “Good bidding combined with reduced inventory in the auctions resulted in strong sales percentages.”
