Truck wholesale values remained flat last week, as car wholesale values continued to slide, according to Black Book’s May 21 Market Insights report.
Overall, car segment values decreased 0.27% last week, compared to 0.08% the week before. Overall truck segment values decreased 0.05% last week, compared to 0.08% the week before.
Nearly all car segments saw their values decline last week. Only two segments — sporty and premium sporty cars — experienced a rise in wholesale price. The biggest declines through the week came from luxury and compact cars.
“Sedans drop in value but sporty cars see a seasonal increase with summer around the corner,” said Anil Goyal, executive vice president, operations for Black Book. “Luxury cars and crossovers experience a larger decline.”
In the truck segment, subcompact crossovers, subcompact luxury crossovers / SUVs, and minivans yielded the biggest gains in value, rising 0.22%, 0.04%, and 0.14%, respectively. The biggest fall in wholesale value came from mid-size luxury SUVs.