Sporty cars and compact vans saw the heaviest depreciation last week, according to Black Book’s Nov. 27 Market Insights report.
Compact vans claimed the highest depreciation among the 22 vehicle segments that Black Book tracks with a depreciation rate of 1.31%. Among cars, the sporty car segment saw the heaviest drop in average wholesale value, as its average values fell by 0.82%.
Overall, car segment values decreased by 0.48% last week, compared to 0.67% the week before. Overall truck segment values remained nearly unchanged, falling 0.49% last week compared to 0.50% the week prior.
The steep depreciation that the compact van segment experienced last week was a noticeable reversal from the week before, when the segment saw the lowest depreication among all vehicles. This week, the star performers within the truck segment are subcompact crossovers and small pickups, which experienced essentially no change in value from the previous week.
Within the car segment, near luxury car values fell by 0.16%, the lowest drop among all cars and a reversal from the 0.89% drop in value the segment experienced the week prior.
Originally posted on Auto Rental News