October 5, 2015 “Most car segments continue at a more accelerated depreciation rate than truck products. This will most likely continue throughout the rest of the year.” Anil Goyal, Vice President of Automotive Valuation and Analytics Model Years: 2007-2013, Volume Weighted Wholesale Average Values, Weekly Change from 9/25/15 to 10/1/15 Car and Trucks Experiencing Softening in Fall Market Volume-weighted, overall car values decreased by 0.60% last week. This is the largest depreciation rate seen since the 3 rd week of June. The Compact Car Segment saw large depreciation this past week with a decrease of 1.27%. Volume-weighted, overall truck values decreased by 0.35% last week. This is higher than last week’s depreciation, but lower than two weeks ago. Compact Pickup and Full-Size CUV segments saw the largest dollar adjustments this past week with -$128 and -$135, respectively. -$99 -1.27% -$58 -0.92% -$75 -0.87% -$65 -0.72% -$28 -0.14% -$6 -0.04% -$83 -0.22% -$59 -0.20% -$106 -0.67% -$36 -0.34% -$67 CARS -0.60% -1.5% -1.3% -1.1% -0.9% -0.7% -0.5% -0.3% -0.1% +0.1% WEEKLY CHANGE -$71 -0.59% -$128 -0.87% -$95 -0.48% -$135 -0.84% -$7 -0.04% -$112 -0.58% -$6 -0.04% -$10 -0.07% -$73 -0.26% -$54 -0.35% +$8 +0.07% -$71 -0.42% -$44 -0.82% -$35 -0.30% -$56 TRUCKS -0.35% -1.1% -0.9% -0.7% -0.5% -0.3% -0.1% +0.1% WEEKLY CHANGE
Transcript
October 5, 2015
“Most car segments continue at a more accelerated depreciation rate than truck products. This will most likely continue throughout the rest of the year.”
Anil Goyal, Vice President of Automotive Valuation and Analytics
Model Years: 2007-2013, Volume Weighted Wholesale Average Values, Weekly Change from 9/25/15 to 10/1/15
Car and Trucks Experiencing Softening in Fall Market
Volume-weighted, overall car values decreased by 0.60% last week. This is the largest depreciation
rate seen since the 3rd week of June.
The Compact Car Segment saw large depreciation this past week with a decrease of 1.27%.
Volume-weighted, overall truck values decreased by 0.35% last week. This is higher than last week’s
depreciation, but lower than two weeks ago.
Compact Pickup and Full-Size CUV segments saw the largest dollar adjustments this past week with
-$128 and -$135, respectively.
-$99-1.27%
-$58-0.92%
-$75-0.87%
-$65-0.72%
-$28-0.14%
-$6-0.04%
-$83-0.22%
-$59-0.20%
-$106-0.67%
-$36-0.34%
-$67CARS
-0.60%
-1.5%
-1.3%
-1.1%
-0.9%
-0.7%
-0.5%
-0.3%
-0.1%
+0.1%
WEE
KLY
CH
AN
GE
-$71-0.59%
-$128-0.87%
-$95-0.48%
-$135-0.84%
-$7-0.04%
-$112-0.58%
-$6-0.04%
-$10-0.07%
-$73-0.26% -$54
-0.35%
+$8+0.07%
-$71-0.42%
-$44-0.82%
-$35-0.30%
-$56TRUCKS-0.35%
-1.1%
-0.9%
-0.7%
-0.5%
-0.3%
-0.1%
+0.1%
WEE
KLY
CH
AN
GE
2
October 5, 2015
Sentiment from the Auction Lanes
Our editors and personnel attend about 60 auctions every week across the country to provide key insights:
“Not a lot of dealers buying here today with above normal amount of no-
sales.” Doug from TN
“Dealers are looking for units with low mileage, clean history and in clean
condition.” Gerry from FL
“Good sale with normal amount of selection, but vehicle prices have come
down a little on most segments.” Jim from WA
“No action on convertibles this week, but still a good sale in general.” Mark from CA
“A fall market adjustment seems to be taking place, but market is still good.” Bob from WA
“Lots of no-sales today. Sales were slightly down from last week.” David from TX
Vehicle Highlight 2016 Buick Cascada will be available Spring 2016 with a base MSRP of $33,065. The convertible will come in 2 trims: Base and Premium. It will have a 1.6L 200-HP turbocharged engine with a sport lowered chassis, StabiliTrak technology, and 20 inch wheels. Close competitors include Audi A3, Volkswagen Eos, and BMW 2-Series.
This week’s report includes our Monthly Edition Supplement on Specialty Markets.
Industry Events Black Book personnel will be attending several upcoming events. Among them:
October 10 – 11, 2015 Harvey’s Lake Tahoe
Association of Consumer Vehicle Lessors
October 15-18, 2015 Orlando, FL
Hope to see you there!
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
U.S. Average Fuel Prices
Gasoline Diesel Source: EIA
Continued Declines
Gasoline price decreased last week by $0.05 to $2.322, lowest since February.
Diesel price decreased last week by $0.017 to $2.476, lowest seen this year.
Pre-War American Classics Dominate Labor Day Sales “The collectible market continues to be strong. Auctions featuring all types of
vehicles, from pre-war American Classics to European Exotics, were well attended
this past month in places as diverse as the Midwest and Great Britain. As true
vintage exotics have become too expensive for most collectors, many are turning their attention to less
exclusive European makes, such as Porsche, Jaguar, and Alfa-Romeo. Many of their more desirable
models, such as early 911 turbos, E-Types, and Giulias, have doubled or even tripled in value.”
Eric Lawrence, Director of Specialty Markets
Auctions America’s annual Labor Day sale in Auburn, Indiana was attended by over 85,000 automotive enthusiasts. Total sales came in at a healthy $20,000,000, with 870 cars changing hands, a sell through rate of 73%. Just down the road, Worldwide sold 43 cars for a total of $4,800,000.
RM Sotheby’s London sale was success, with total sales breaking through the $25,000,000 mark. Fifty five of the seventy five vehicles were declared sold, and several others were just shy of their reserve.
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