Compact cars values remained flat last week in average wholesale value, representing the best week for the segment this year, according to Black Book’s Feb. 12 Market Insights report.
In fact, overall depreciation rates among car and truck segments were at lower levels than they have been in weeks past. Overall car segment values declined 0.20% last week, compared to 0.34% the week before. Overall truck segment values declined 0.35% last week, compared to 0.50% the week before.
“Market performance is the best so far this year with improving sales rates at auto auctions and tax season vehicles fetching good prices,” said Anil Goyal, executive vice president, operations for Black Book.
Apart from compact cars, mid-size and full-size cars also saw low depreciation last week, falling 0.13% and 0.12%, respectively. Meanwhile, near luxury, luxury, and prestige-luxury saw some of the highest depreciation within the segment at 0.33%, 0.37%, and 0.39%, respectively.
Among trucks, full-size, compact luxury, and full-size luxury crossovers/SUVs had the lowest weekly depreciation at 0.16%, 0.17%, and 0.16%, respectively. Sub-compact and mid-size luxury crossovers / SUVs, however, had some of the highest weekly depreciation within the truck segment at 0.60% and 0.63%, respectively.