Import Vehicle Wholesale Values Fell More In September than Domestic Values, Black Book Reports
Black Book issued a report on vehicle wholesale values for the month of September, where the publication noted that import used vehicle values dropped 1.8%, which is 0.4% more than domestic vehicles. (You can see a video above from Ricky Beggs, managing editor of Black Book, giving an overview of the full quarter.)
Used import vehicles are currently averaging $20,033, which is down from $20,400 at the beginning of September. Domestic used vehicles are currently averaging $14,839, down from $15,055 at the beginning of the month.
Black Book also reported that during September, wholesale truck prices declined at a slower pace than that of car segments, which is in line with the trend for the last few months. Trucks dropped 1.3%, whereas car segments dropped 2.1%.
The trend for domestic vs. import trucks, however, was reversed slightly. Used import truck values, such as those for the Toyota Tacoma and Nissan Frontier, fell 1.2%, whereas domestic truck prices, such as the Ford Ranger and Dodge Dakota, fell 1.3% in September. Used import cars, however, such as the Audi A4, BMW M6, Mercedes-Benz CL, fell 2.2%, whereas used domestic cars, such as the Chevrolet Malibu, Ford Fusion, Chrysler 200, declined 1.9% in September.
Both car and truck segments saw declines in September, though some categories held up better than others. The compact pickup truck category was down only 0.1%, for example, while the full-size cargo van category saw a large decline of 4.3%. Black Book noted that all sizes of pickup trucks, though, showed the smallest declines, largely due to these vehicles’ use in company fleets, which is tied to the broader economy.
The chart below shows a segment-by-segment breakdown of resale value changes during the last 30 days.
Black Book Segment % Change Last 30 Days
|Compact Pickup Truck||-0.10%|
|Full-size Pickup Truck||-0.40%|
|Midsize Pickup Truck||-0.60%|
|Premium Sporty Car||-1.70%|
|Upper Mid-size Car||-2.10%|
|Luxury Level Car||-2.20%|
|Prestige Luxury Car||-2.40%|
|Entry Mid-size Car||-2.80%|
|Full-size Van Wagon||-3.50%|
|Full-size Van Cargo||-4.30%|
Related news: Pace of Car Price Declines Picking Up, Black Book Says