Ricky Beggs on Price Digression between Cars and Trucks

Black Book’s Ricky Beggs has been watching used car prices for cars and trucks slowly digress this year. September car prices have so far dropped 2%, compared to April when prices slid just 0.2%. Trucks have been going in the opposite direction since July. Price declines have eased from being down 1.8% in July to down just 1.1% in September.

Stability across truck segments continued recently with three segments increasing in price last week and another five segments depreciated by less than 0.2% or less. Mid-size pickups, full-size pickups, and compact crossovers all had price increases.

Black Book’s outlook for the next couple of weeks in an active market with a similar number of changes compared to this past week. Larger declines are expected to happened more with luxury-oriented models. Black Book is also tracking late-model vehicles. The lack of interest in wholesale for these vehicles could represent some relatively large negative pricing adjustments.

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