While trucks had greater depreciation this week overall when compared to cars, luxury vehicle segments in both categories showed some of the heaviest depreciation increases.
While full-size crossovers/SUVs in the truck category lead depreciation overall by 1.24%, full-size luxury crossovers/SUVs, luxury cars, and prestige luxury cars followed suit, depreciating by 1.08%, 1.07%, and 1.32% respectively, according to Black Book's Dec. 28 Market Insights report.
Volume weighted, overall car segment values decreased by 0.42% last week, lower than the depreciation rate of 0.63% seen in the previous four weeks. The premium sporty car segment followed luxury cars and prestige luxury cars in terms of depreciation, declining by 0.73%.
Meanwhile, overall truck segment values decreased by 0.53% last week, similar to the depreciation rate of 0.54% seen in the previous four weeks.
“Active sales in most locations as some dealers sell off inventories before the end of the year while others buy selectively. Luxury vehicle prices dropped the most last week.” Anil Goyal, SVP, automotive valuation and analytics.