LAWRENCEVILLE, Ga.—Those looking to buy a used sports car this holiday season will likely find a few extra bucks left in their wallet after they close the deal.
Black Book’s Market Insights report shows that sporty car and premium sporty car segments declined the most by 1.22%, 0.84%, respectively in the latest report.
“Steeper declines, typical in the fourth quarter, continue across all segments. Sporty cars experienced the most, driven by seasonality,” said Anil Goyal, senior vice president of automotive valuation and analytics.
Past seasonality trends show that sports car values get a lift during the summer months and start a consistent decline after summer.
“This year has been no different for 2014 model year sporty cars, except that the retention values are much lower and the decline is steeper in November,” said Goyal.