Weekly Car Values Recover

As the tax season begins to roll in, stronger sales at auction resulted in some of the lowest depreciation for cars seen this year, according to Black Book’s Feb. 5 Market Insights Report.

Overall, car segment values declined 0.34% last week, nearly half as much as the 0.58% seen in the previous week. Overall, truck values stayed in line with the depreciation seen for much of the year, falling 0.50% last week, compared to 0.46% the week before.

Within the car segment, near luxury cars and sporty cars saw the biggest decline in wholesale value, falling an average of 0.72% and 0.68%, respectively. Mid-size cars had the best showing through the week, with values for the segment falling 0.03%.

Within the truck segment, full-size and subcompact luxury crossovers/SUVs had the weakest showing,  as values for the segments declined 1.13% and 0.90%, respectively. Three segments — minivans, full-size vans, and small pickups — saw no change in values through the week.