Graphic courtesy of Black Book.
This week’s Black Book Market Insights report showed depreciation across the board for all car and truck segments, with particular emphasis on trucks and small crossover segments. Vehicles in these segments faced the heaviest price drops this past week, with compact vans added into the mix here.
“Weekly depreciation rates have been fairly consistent since Memorial Day with cars at a cumulative adjustment of -2.7%, a 35% higher rate of decline compared to trucks at -2.0%,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
According to the report, here are other key stats:
- Volume-weighted, overall car values decreased -0.37% last week. That’s the lowest overall weekly deprecation rate in the past six weeks.
- Full-size and Mid-size Car segments received the highest weekly depreciation rates at -0.66% and -0.54%, respectively. The Full-size segment had its highest weekly depreciation rate this year.
- Volume-weighted, overall truck values decreased -0.3% last week. Last year (week 27) declined -0.17%.
- Sub-Compact Luxury Crossover segment received the highest weekly deprecation rate at -1%. Three segments followed closely with -0.79% declines; Sub-compact, Compact Luxury and Compact Vans.