Overall used car values were up 0.09% compared to the week before, while overall truck values were essentially flat on a volume-weighted basis, according to Black Book’s April 3 Market Insights report.
“Market strength continued last week with most car segments showing an appreciation in values, led by sub-compact and sporty cars,” said Anil Goyal, senior vice president of Automotive Valuation and Analytics.
Nearly all car segments realized a gain in wholesale value compared to the previous week. Subcompact cars, mid-size cars, full-size cars, prestige luxury cars, and sporty cars experienced a week-to-week gain in value, while compact cars, nearly luxury cars, and premium sporty car values declined slightly from the week before.
The best-performing vehicles on the car front were sub-compact cars and sporty cars, which increased 0.46% and 0.50% in value compared to the week before. The worst-performing car segments were near luxury and premium sporty cars, which depreciated by 0.09% and 0.29%, respectively.
Looking at the truck segment, compact crossovers/SUVs, subcompact luxury crossovers, compact vans, small pickups, and full-size pickups all grew in value compared to the week before. Compact vans were the best-performing vehicle in the truck segment and overall with a 0.59% increase in average wholesale value compared to the week before.
The worst-performing vehicles in the truck segment were compact luxury crossovers/SUVs, full-size luxury crossovers/SUVs, and full-size vans, which depreciated by 0.20%, 0.13%, and 0.13%, respectively.
Depreciation among all vehicles was at some of the lowest levels seen all year.