Wholesale values held strong last week, as both the car and truck segments realized low levels of depreciation, according to Black Book’s May 28 Market Insights report.
The sporty car segment had a second strong week in a row, performing the best among all tracked vehicles. Through the week, sporty cars saw their values rise 0.27% compared to the week before.
Overall, the car segment was down 0.09% compared to 0.27% the week before. The highest depreciation within the car segment came from mid-size cars, at 0.35% depreciation.
“The used vehicle market prices were stable last week after a good spring season this year on mainstream sedans,” said Anil Goyal, executive vice president of operations. “Sporty cars are experiencing an increase in seasonal demand.
Overall, the car segment was down 0.05%, just as it was the week before. The best-performing segment was the subcompact crossover segment, rising 0.14% in wholesale value through the week. The steepest depreciation came from midsize luxury SUVs, as that segment saw average values 0.20% lower than the week before.