This week’s Black Book Market Insights report offers up data that shows how car segment depreciation has consistently picked up since January.
Trucks have been a little more volatile, but overall segment depreciation has begun to accelerate over the last month.
“Both car and truck segments are starting to show a consistent depreciation rate in the last four weeks with truck depreciation picking up from the spring season,” said Anil Goyal, senior vice president of automotive valuation and analytics.
According to the report, here are other key stats:
- Volume-weighted, overall car values decreased by 0.47% last week. This is similar to the average depreciation rate of 0.44% seen in the previous two weeks.
- Compact Car, Mid-Size Car and Luxury Car segments experienced significantly higher drop in value of 0.82%, 0.72% and 0.71%, respectively.
- Volume-weighted, overall truck values decreased by 0.33% last week. This is similar to the average depreciation rate of 0.30% seen in the previous two weeks.
- Mid-Size Luxury Crossover/SUV segment experienced the largest decreases at 0.78%.