Average wholesale car values were up last week, representing the second consecutive week of growth for cars, according to Black Book’s April 2 Market Insights report.
Overall car segment values were up 0.23% last week, compared to an increase of 0.26% the week before. Within the car segment, all but two vehicle segments saw growth in their average wholesale price, Black Book data showed.
The two vehicle segments to see declines in wholesale value last week were luxury and premium sporty cars. These two segments saw their values fall by 0.68% and 0.05%, respectively. Alternatively, subcompact, compact, and full-size cars saw the highest gains among all vehicles, with their values growing 0.57%, 0.43%, and 0.49%, respectively.
Overall truck segment values decreased 0.20% last week, remaining essentially unchanged from the week before. The compact crossover/SUV segment was the strongest performer among trucks, as the segment's average wholesale value rose 0.21% over the week before. Meanwhile, compact luxury crossovers/SUVs and full-size pickups experienced the biggest declines among trucks, at 0.60% and 0.62% respective depreciation.