August 1, 2016 “The wholesale market values continue to depreciate at a humdrum pace as dealers report slow sales in retail.” Anil Goyal, Senior Vice President of Automotive Valuation and Analytics Model Years: 2008-2014, Volume Weighted Wholesale Average Values, Weekly Change from 7/22/16 to 7/29/16 No Major Surprises in Market Movement Last Week Volume-weighted, overall car values decreased by 0.47% last week. This is similar to the average depreciation rate of 0.46% seen in the previous four weeks. In car segments, Mid-Size Car segment declined the most, dropping by 0.91%. Volume-weighted, overall truck values decreased by 0.26% last week. This is slightly better than the average change of -0.35% seen in the previous four weeks. In truck segments, Compact Crossover/SUV segment declined the most, dropping by 0.48%. -$23 -0.36% -$33 -0.42% -$85 -0.91% -$61 -0.54% -$37 -0.22% -$65 -0.32% -$117 -0.33% -$34 -0.21% -$132 -0.35% -$54 CARS -0.47% -1.2% -1.0% -0.8% -0.6% -0.4% -0.2% 0% +0.2% WEEKLY CHANGE -$15 -0.11% -$62 -0.48% -$62 -0.39% -$3 -0.01% -$30 -0.16% -$1 -0.01% -$26 -0.12% -$30 -0.10% -$30 -0.24% $0 0% -$33 -0.20% -$19 -0.14% -$37 -0.20% -$42 TRUCKS -0.26% -0.8% -0.6% -0.4% -0.2% 0% +0.2% WEEKLY CHANGE
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The wholesale market values continue to …...August 1, 2016 “The wholesale market values continue to depreciate at a humdrum pace as dealers report slow sales in retail.” Anil
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August 1, 2016
“The wholesale market values continue to depreciate at a humdrum pace as dealers report slow sales in retail.”
Anil Goyal, Senior Vice President of Automotive Valuation and Analytics
Model Years: 2008-2014, Volume Weighted Wholesale Average Values, Weekly Change from 7/22/16 to 7/29/16
No Major Surprises in Market Movement Last Week
Volume-weighted, overall car values decreased by 0.47% last week. This is similar to the average
depreciation rate of 0.46% seen in the previous four weeks.
In car segments, Mid-Size Car segment declined the most, dropping by 0.91%.
Volume-weighted, overall truck values decreased by 0.26% last week. This is slightly better than the
average change of -0.35% seen in the previous four weeks.
In truck segments, Compact Crossover/SUV segment declined the most, dropping by 0.48%.
-$23-0.36%
-$33-0.42%
-$85-0.91%
-$61-0.54%
-$37-0.22% -$65
-0.32%-$117-0.33%
-$34-0.21% -$132
-0.35%
-$54CARS
-0.47%
-1.2%
-1.0%
-0.8%
-0.6%
-0.4%
-0.2%
0%
+0.2%
WEE
KLY
CH
AN
GE
-$15-0.11%
-$62-0.48%
-$62-0.39%
-$3-0.01%
-$30-0.16%
-$1-0.01% -$26
-0.12%
-$30-0.10%
-$30-0.24%
$00%
-$33-0.20%
-$19-0.14% -$37
-0.20%
-$42TRUCKS-0.26%
-0.8%
-0.6%
-0.4%
-0.2%
0%
+0.2%
WEE
KLY
CH
AN
GE
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August 1, 2016
Sentiment from the Auction Lanes
Our editors and personnel attend about 60 auctions every week across the country to provide key insights:
“Dealers reporting that sales have been very slow this week on their lots
leaving very little to send to auction. Plenty of no-sales here today.” Doug
from TN
“Good sale today at this location, dealer lanes were very busy.” Gerry from
FL
“Prices are down on most everything here. Consignment was better than
last week but still low compared to normal.” Jim from WA
“The market has slowed down a little in this area but all lanes still seemed to do pretty well.” Mark from CA
“Slow retail and wholesale in this market location.” Richard from NJ
Mid-Size Cars: Three-Year Retention
Three-Year Retention (as percent of typically-equipped retail) on mid-size cars in 2016 on 2013 Model
Year is trending more than 2 percentage points lower than the retention percentage seen last year on
2012 Model Year as demand shifted from cars to SUVs.
Vehicle Highlight 2017 Toyota Camry has a Base MSRP of $23,070 not including destination charge. Trim levels include LE, SE, XLE, XSE, and Hybrid LE, SE and XLE. The hybrid trim offers 43 mpg on the highway. Close competitors include Mazda 6, Chevrolet Malibu, Honda Accord, Kia Optima, Hyundai Sonata, Ford Fusion and Nissan Altima.
This week’s report includes our Monthly Edition Supplement on Specialty Markets.
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August 1, 2016
All Roads Lead to Monterey “The automotive events held in the middle of August on California’s scenic
Monterey Peninsula have become the year’s most important gathering for high end
car collectors and enthusiasts. The vast majority of major auction houses will be
holding sales, including Mecum, Russo and Steele, Bonhams, Rick Cole, Gooding, and RM Sotheby’s
(featuring the first ever Shelby Cobra, serial number ‘CSX 2000’). In addition to the auctions, there will
be several top notch Concours, including The Quail, Concorso Italiano, and Pebble Beach. Throw in a
variety of Road Rallies and Vintage Racing at Laguna Seca, and you’ve got yourself quite a week!”
Eric Lawrence, Director of Specialty Markets
Two recent Mecum auctions, held in Portland and Denver, combined to top $20,000,000 in sales. Mecum’s inaugural Portland auction saw 300 collector vehicles trade hands for just over $9,000,000, while in Denver the auctioneers were able to hammer 402 of 611 lots sold for $11,000,000, a respectable 65% sales ratio. Both recent Mecum auctions were dominated by mid-1960s to early-1970s American Muscle Cars.
Notable Sales Include:
1963 Ford Galaxie 500XL R-Code 427 $155,000 (Mecum Denver)