After four weeks of living below 0.37% depreciation, the truck segment reached its highest depreciation rate in February — and its second-highest this year — last week, according to Black Book’s Feb. 27 Market Insights report.
Volume-weighted, overall average truck segment wholesale values decreased by 0.48% last week, compared to 0.27% the week before.
Minivans, compact luxury crossover/SUVs, and full-size vans saw the highest depreciation rates among the truck segments, with the segment’s average wholesale values declining by 0.72%, 0.69%, and 0.63%, respectively.
Alternatively, the subcompact crossover, subcompact luxury crossover, and compact van segments showed pricing strength last week, with wholesale values increasing 0.42%, 0.10%, and 0.07%, respectively.
“Small cars and crossovers performed the best among all segments last week, driven by higher interest from tax season buyers,” said Anil Goyal, senior vice president of Automotive Valuation and Analytics.
Volume-weighted, overall car segment values declined by 0.54% last week, compared to 0.46% in the previous week.
Sub-compact, compact, and mid-size cars saw the lowest depreciation rates among all car segments, with values declining by 0.23%, 0.23%, and 0.22%, respectively. Luxury and prestige luxury cars continued to struggle, showing the highest depreciation rates among all vehicle segments at 0.80% and 0.91%, respectively.