Full-size cars, sporty cars, and compact vans were the only vehicle segments that saw their average wholesale values increase in value last week, according to Black Book’s March 20 Market Insights report.
Respectively, full-size cars, sporty cars, and compact vans saw values increase by 0.05%, 0.28%, and 1.17%. In addition, the full-size vans saw its value stay flat from the week prior.
“The various car segments experienced broad market strength, particularly within compact, mid-size and full-size models. Increased interest from dealers and higher sale percentages were noted in the auction lanes last week,” said Anil Goyal, senior vice president of Automotive Valuation and Analytics.
Overall, the car segment outperformed the overall light truck segment last week. Volume-weighted, the overall car segment saw values decline by 0.17%, compared to 0.31% in the previous week, and the overall truck segment saw values decline by 0.36%, compared to 0.43% the week before.
Following a continuing trend, the worst-performing vehicle in the car segment was the prestige luxury car, which realized a depreciation rate of 0.99%. Similarly, in the truck segment, the worst performing vehicles were mid-size luxury crossovers/SUVs, compact luxury crossovers/SUVs, and full-size pickups.
Originally posted on Auto Rental News