As the small crossover segment continued to thrive, sub-compact and compact car values continued their steady decline last week, according to Black Book’s June 5 Market Insights report.
Respectively, sub-compacts and compacts saw average wholesale values decline by .88% and .97%, the most out of any vehicles in the car segment. On the other side of the performance spectrum, near luxury and premium sporty cars, experienced the least amount of depreciation.
Volume –weighted, overall car segment values declined by 0.46% last week, an increase over the 0.32% depreciation seen in the previous four weeks.
“Small cars continued to decline in value at a faster clip while large SUV and pickup truck values remained fairly stable last week,” said Anil Goyal, senior vice president of automotive valuation and analytics.
Volume-weighted, overall truck segment values decreased by 0.08% last week, an improvement over the 0.21% depreciation seen in the previous four weeks.
Among the best performers in the truck segment were sub-compact crossovers and full-size pickups, which saw average wholesale values increase by 0.42% and 0.03%, respectively. Sub-compact luxury crossovers, on the other hand, was the segment’s worst performing vehicles, seeing values fall by 0.71% last week.