Weekly Wholesale Car and Truck Values Remain Flat

August 8, 2017
SHARE TOOLS    | Print
Courtesy of Black Book.
Courtesy of Black Book.

Overall car and truck segments reported better week-over-week retention, according to Black Book’s Aug. 7 Market Insights report. 

Car values declined by 0.46%, compared to 0.54% the previous week, while truck values declined by 0.28%, compared to 0.32% the previous week, the firm noted. 

“Mixed reactions noted in the auto auctions across the nation as the market tries to find direction going forward after a resilient performance in the first two quarters,” said Anil Goyal, senior vice president of automotive valuation and analytics. 

Compact and mid-sized cars experienced the highest depreciation last week at 0.70% and .075%, respectively. Full-sized and near luxury cars saw their respective average wholesale values decline  by 0.12%, the smallest drop among all cars. 

The full-size pickup segment saw its average wholesale value increase by 0.08% over the previous week, continuing the strong performance it’s had for most of the year. Meanwhile, the subcompact crossover experienced a 1.23% drop in wholesale value, not only the highest among all vehicles, but also one of the steepest drops the segment has seen all year.

Comment On This Story

Name:  
Email:  
Comment: (Max. 2000 characters)  
Please leave blank: