Smaller vehicles saw a spike in depreciation last week, according to Black Book’s Dec. 5 Market Insights report.
Respectively, subcompact cars, compact cars, and subcompact crossovers realized the highest depreciation rates among all vehicles tracked at 1.12%, 0.86%, and 1.38%.
“Small cars and subcompact crossovers declined the most last week. Car segments experienced the highest depreciation so far this year in November,” said Anil Goyal senior vice president of automotive valuation and analytics.
Overall, the car segment saw a depreciation rate of 0.66% last week, compared to 0.48% the week before. On the truck side, the segment realized a depreciation rate of 0.34% last week, compared to 0.49% the week before.
The best performing vehicles within each segment were full-size cars and small pickups, which respectively saw a 0.27% depreciation rate and a 0.49% rise in average wholesale value from the week before.