For the week of December 29, the Black Book Market Insights report continues to track end-of-year trends, where car and truck depreciation have begun to stabilize. Cars saw their lowest depreciation of the month while trucks saw their lowest depreciation since September.
“The holiday season has brought stability to the car and truck market on the auction lanes,” said Anil Goyal, VP of Automotive Valuation and Analytics at Black Book.
Volume-weighted, overall car values decreased by 0.23 percent last week, lowest week over week change seen since the month of December. Prestige Luxury Car saw the largest changes this past week with a -$217 or 0.75-percent decrease from last week.
Volume-weighted, overall truck values decreased by 0.18 percent last week, lowest week over week change since September. Full-Size Cargo and Passenger Vans and Mid-Size SUV’s saw the largest depreciations this past week with all three segments depreciating more than half a percent from last week.