Sub-compact crossovers depreciated the most between the months of June and September, declining 8.8%, which was a 5% decrease from a May-to-August analysis based on vehicle classes tracked by Black Book.
The segment was followed closely by sub-compact luxury CUVs which fell 8.5% and sub-compact cars which decreased 8.4%. Sub-compact continued to maintain high depreciation values, as the segment lead in depreciation in the May to August analysis with 7.4%, according to Black Book.
The report also detailed that overall car segment values decreased by 0.46% last week, better than the recent depreciation rate average of 0.69%. Luxury car, near luxury car, and full-size car segments declined the most by 0.67%, 0.63%, and 0.64%, respectively. Overall truck segments (including pickup, SUVs and vans) values decreased by 0.53% last week, higher than the depreciation rate of 0.41% seen in the previous four weeks.
“There were broader declines in the market last week across a variety of segments, including luxury cars, sub-compact cars, sub-compact crossovers and full-size pickups,” said Anil Goyal, senior vice president of automotive valuation and analytics.