Small pickups and sporty cars were the top-performing vehicles in their respective segments last week, according to Black Book’s Market Insights June 12 report.
In the truck segment, small pickups, full-size pickups, and sub-compact luxury crossovers all saw average wholesale values increase by 0.10%, 0.03%, and 0.01%, respectively. Volume-weighted, overall truck segment values decreased by 0.14% last week.
Apart from sporty cars, which saw average wholesale values increase by 0.14%, all other vehicles in the car segment saw their values decrease last week. Smaller cars, such as sub-compact and mid-size cars realized the biggest decline among all vehicles, falling 0.64% and 0.65%, respectively. Volume-weighted, overall car segment values decreased by 0.33% last week.
"Mid-size cars continued to depreciate at a higher rate as used supplies are rising while demand has softened," said Anil Goyal, senior vice president of automotive valuation and analytics. "On the other hand, pickup truck values remained strong."