Vehicles led by compact vans are continuing to hold their values well through the midway point in February, thanks in part to tax season demand, according to Black Book’s Feb. 19 Market Insights report.
Last week, the compact van segment was the star performer among trucks. During the week, the segment saw its value rise 0.55% than where it was two weeks ago. The other two van segments — minivans and full-size vans — also had strong showings through the week; their respective 0.21% and 0.19% depreciation represented some of the lowest depreciation within the truck segment.
Overall, average wholesale truck segment values fell 0.43% last week, compared to 0.35% the week prior.
Looking at the car segment, overall values fell 0.23% last week, compared to 0.20% the week before.
Subcompact, compact, mid-size, and full-size cars experienced the lowest depreciation within the car segment at 0.05%, 0.01%, 0.07%, and 0.09% depreciation.
Meanwhile, the near luxury and luxury car segments continued to struggle, depreciating 0.57% and 0.51%, respectively, the biggest drop in value among all cars.