Car and truck segments have seen an overall increase in depreciation across the board, with the exception of compact vans which were flat for the week of Nov. 11, after having seen the lowest overall mark the week prior with a drop of 2.18%.
For car segments, sporty cars depreciated the most by 1.22%, while mid-size crossovers/SUVs were the lowest in the truck segment at 1.30%, according to Black Book's Nov. 22 Market Insights report.
"Steeper declines, typical in the fourth quarter, continue across all segments," said Anil Goyal, senior vice president of automotive valuation and analytics. "Sporty cars experienced the most, driven by seasonality."
Volume weighted, overall car segment values decreased by 0.69% last week, higher than the depreciation rate of 0.59% seen in the previous four weeks. Premium sporty car and compact car segments followed sporty cars with a drop of 0.84% and 0.79%, respectively.
Meanwhile, overall truck segment (including pickup, SUVs and vans) values decreased by 0.66% last week, higher than the depreciation rate of 0.51% seen in the previous four weeks. Minivan and compact crossover segments followed mid-size crossovers/SUVs with drops of 0.99% and 0.77%, respectively.