Car and truck depreciation continued to accelerate last week, according to Black Book’s Jan. 22 Market Insights report.
Overall, average wholesale car segment values declined 0.76% last week, compared to 0.63% the week before. Overall, truck segment values declined 0.48%, compared to 0.39% the week before.
Compact, mid-size, near luxury, and luxury cars experienced the biggest drop in value, with each segment declining 1.12%, 0.90%, 0.90%, and 0.86%, respectively. Sporty cars and premium sporty cars experienced the smallest decline in value, falling 0.22% and 0.25%, respectively.
Among trucks, subcompact crossovers/SUVs, mid-size crossovers / SUVs, and minivans saw the steepest depreciation, with values falling 1.16%, 0.80%, and 0.90%, respectively. Full-size crossovers saw the smallest drop in value, falling 0.01% through the week.
Taking a look at three-year retention on 2015-MY vehicles, the three segments to retain the highest percentage of their original MSRP through the years were: small pickups, full-size pickups, and full-size crossover/ SUVs. These segments held on to a respective 72.9%, 63.1%, and 60% of their MSRP.
Mid-size, prestige luxury, and sub-compact cars held on to the lowest percent of their original MSRP at 43.3%, 43.2%, and 39.3%, respectively.