As the tax season begins to roll in, stronger sales at auction resulted in some of the lowest depreciation for cars seen this year, according to Black Book’s Feb. 5 Market Insights Report.
Overall, car segment values declined 0.34% last week, nearly half as much as the 0.58% seen in the previous week. Overall, truck values stayed in line with the depreciation seen for much of the year, falling 0.50% last week, compared to 0.46% the week before.
Within the car segment, near luxury cars and sporty cars saw the biggest decline in wholesale value, falling an average of 0.72% and 0.68%, respectively. Mid-size cars had the best showing through the week, with values for the segment falling 0.03%.
Within the truck segment, full-size and subcompact luxury crossovers/SUVs had the weakest showing, as values for the segments declined 1.13% and 0.90%, respectively. Three segments — minivans, full-size vans, and small pickups — saw no change in values through the week.