Perhaps winter isn’t quite finished yet in the auction lanes.
This week’s Market Insights report from Black Book contained emphasis on the stabilization of retention heading into late winter as certain vehicle segments triggered noteworthy activity as dealers looked to shore up inventory for potential buyers using tax refunds toward a purchase.
“With no early signs of a spring lift in the market yet, the used-vehicle market continues to depreciate at a steady pace. Expectation of smaller tax refunds this year is likely to dampen the seasonal increase,” said Anil Goyal, executive vice president of operations at for Black Book.
The latest report showed on a volume-weighted basis, overall car segment values decreased by 0.54 percent last week. That’s a little less than the average editors spotted during the previous four weeks at 0.62 percent.
Black Book noticed the full-size car segment experienced the biggest drop, sliding by 0.90 percent or $91.
Again looking at volume-weighted information, editors found that overall truck segment values (including pickups, SUVs and vans) softened by 0.49 percent last week. The average of the previous four-week stretch was 0.55 percent.
Among trucks, Black Book determined sub-compact crossovers sustained the most significant decline, dropping by 1.78 percent or $209.
With depreciation staying on a steady course, Black Book relayed observations from the lanes that strayed away a bit from the norm. Here is the rundown from lane watchers stationed nationwide:
— From Michigan: “Full-size SUVs are still in a downward trend. We are starting to see more 2019s coming through the auction, but the 2018s don’t seem to be affected so far.”
— From Massachusetts: “Trucks are performing the best right now. The money was better today and definitely an improvement from last week.”
— From Washington: “There seemed to be more high mileage and damaged units in the sale today resulting in fewer sales. The sedans and economy vehicles were the most popular today.”
— From Georgia: “We had a normal number of buyers for the highline sale. Some accounts have lowered their floors which made for a decent sale.”