Wholesale cars that have been depreciating at roughly double the rate of trucks in the past month have stabilized in the past week, according to Black Book’s June 26 Market Insights report.
In the past four weeks, cars depreciated at a rate of 0.39%, while trucks depreciated at a rate of 0.18% on a volume-weighted basis, according to Black Book. In the past week, cars and trucks saw an equal depreciation rate of 0.25%.
The best-performing vehicles in the car segment last week were compact cars and sporty cars, according to Black Book. Compact cars depreciated by 0.11%, while sporty car values remained flat from the previous week. Prestige luxury cars performed the worst within the car segment, depreciating by 0.52%.
Within the truck segment, compact vans continue to hold their values well. Average compact van wholesale rose by 0.07%. Full-size luxury crossovers/SUVs also performed well in the week, realizing a depreciation rate of 0.09%.
The two worst-performing segments among trucks were sub-compact crossovers and sub-compact luxury crossovers at 0.51% and 0.47% depreciation, respectively.
“Overall, the wholesale markets performed well last week. Weaker spots were seen in the sub-compact crossover and compact crossover/SUV segments,” said Anil Goyal, senior vice president of automotive valuation and analytics for Black Book.
Originally posted on Auto Rental News