Car and truck segments experienced an increase in wholesale depreciation last week, according to Black Books Aug. 14 Market Insights report.
Car values decreased by 0.58%, compared to a previous four-week average of 0.43%, and trucks decreased by 0.40%, compared to a previous four week average of 0.28%, the group reported.
Prestige luxury car, sporty Car, and subcompact car segments saw a decline of 1.03%, 0.89%, and 0.78%, respectively.
“The wholesale vehicle market experienced broad declines last week across most vehicle segments,” Anil Goyal, senior vice president of Automotive Valuation and Analytics, said.
Compact vans and small pickups declined the most among truck segments by 1.74% and 1.46%.