This past week, Black Book has continued to identify a strong trend where a variety of car segments led with the highest weekly depreciation.
This past week, full-size, compact, and entry midsize segments all lead with -1.08 percent, -0.98 percent, and -0.81 percent, respectively. Even dealer sentiment across the country continues to comment about slowing buyer demand in the auction lanes.
“Recent wholesale activity is the leading indication that seasonal trends are setting in as buyers get cautious,” said Anil Goyal, Vice President of Automotive Valuation and Analytics for Black Book.
Overall, the volume-weighted car values decreased by 0.57 percent last week. This is the highest weekly depreciation rate seen since the third week of July. Full-size and Compact car segments had the highest weekly depreciation rates -1.08 percent and -0.98 percent, followed closely by the Entry Mid-size segment at -0.81 percent. Full-size car segment has declined more than the overall car average for four straight weeks and has an accumulative depreciation rate of 3.26 percent.
Overall, the volume-weighted truck values decreased by 0.21 percent last week, with all segments experiencing better than 0.4 percent depreciation. Interestingly, the 52-week average is also -0.21 percent. Full-size SUV segment has had a higher weekly retention rate than the overall truck average for nine-straight weeks.