Volume-weighted, overall car and truck segments both experienced continued softening in values, but rate of decline slowed with the overall market decreasing by 0.52% this past week, compared to 0.64% the prior week, according to Black Book’s Market Insights report.
Overall car segment values decreased 0.82% over the last week, slightly less than the depreciation of 0.84% experienced the week prior.
Compact cars continue to experience heavy declines week-over-week with the rate of depreciation at 1.43% the previous week. Sub-compact cars slowed their rate of decline to 0.42%, compared to 1.07% the week before.
For the overall truck segment (including pickups, SUVs, and vans) values declined 0.35% last week, a decrease in depreciation compared to the previous week’s change of 0.52%.
Minivans are a niche market that has seen demand faltering in recent years. The segment has been seeing consistently large declines week-over-week, according to Black Book.
Another segment experiencing consistently larger than normal week-over-week depreciations is the small pickup segment.