The car segment saw the highest declines of the year during the last week of 2017, according to Black Book’s Jan. 1 Market Insights report.
Average wholesale values for the overall car segment were down 0.78% last week, compared to 0.41% the week before. Compact, mid-size, and luxury cars led in depreciation at 0.93%, 1.18%, and 0.76%, respectively.
The lowest depreciation among the car segment came from full-size cars, which depreciated by 0.26% last week, a reversal from the 0.65% depreciation the segment registered the week before.
The overall truck segment fared slightly better than it did two weeks ago. Last week, overall truck segment values were down 0.54%, compared to 0.68% the week before. Subcompact and full-size luxury crossovers/SUVs realized the highest depreciation within the truck segment at 1.38% and 0.76% respectively. Meanwhile, small pickups and compact vans experienced the lowest depreciation, with small pickup values seeing no change from the previous week and compact van values falling 0.05%.