This week, the Black Book Market Insights Report looks at the continuing impact late-year seasonality is having across all car and truck segments.
“Wholesale values have declined at a relatively high rate in recent weeks, a foreseen trend caused by the impact of seasonality,” said Anil Goyal, Vice President of Automotive Valuation and Analytics at Black Book.
Volume-weighted, overall car values decreased by 0.72 percent for the week of November 17, declining by 0.42 percent year-over-year. The Entry Level Car and Entry Mid-Size Car Segments saw the largest depreciation this past week with decreases of 1.29 percent and 1.12 percent, respectively.
Volume-weighted, overall truck values decreased by 0.44 percent last week, with a year-over-year decrease of 0.31 percent. Compact Pickup and Compact SUV saw little to no change this past week with -0.01 percent and 0 percent, respectively.