Weekly Vehicle Depreciation Continues to Accelerate

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.