Car segments are retaining their values better than they have in the past six months, according to Black Book’s Jan. 24 Market Insights report.
“Compact cars continued to hold their value for a second consecutive week, an encouraging sign after multiple years of sharp drop in retention values for this segment,” said Anil Goyal, Black Book's senior vice president of Automotive Valuation and Analytics.
Meanwhile, compact vans in the truck segment have depreciated the most with a 1.94% drop in value last week alone.
Volume-weighted, overall car segment values decreased by 0.39% last week, better than the depreciation rate of 0.43% seen in the previous four weeks. Near luxury car and premium sporty car segments declined the most by 0.68% and 0.67% respectively.
Meanwhile, overall truck segment (including pickup, SUVs and vans) values decreased by 0.51% last week, higher than the depreciation rate of 0.43% seen in the previous four weeks. Compact vans, sub-compact luxury crossovers and minivan segments declined the most by 1.94%, 1.57% and 0.85%, respectively.