Luxury segments drove down overall wholesale values for both cars and trucks last week, according to Black Book’s June 4 Market Insights report.
Depreciation for both cars and trucks were at higher levels than what’s been observed in the last few weeks, in large part due to the weak performance of luxury vehicles.
Overall, truck segment values depreciated by 0.10%, compared to 0.05% the week before. Car segment values depreciated 0.21% last week, compared to 0.09% the week before.
Within the car segment, near luxury, luxury, and prestige luxury cars experienced the highest depreciation. Near luxury cars depreciated 0.43%, luxury cars depreciated 0.40%, and prestige luxury cars depreciated 0.31%.
Within the truck segment compact luxury, mid-size luxury, and full-size luxury crossovers/SUVs experienced the highest depreciation, falling 0.37%, 0.26%, and 0.26% in value, respectively.
There were certain segments that fared well through the week, however. The coming summer months, and the seasonal shift in demand, have lifted sporty and premium sporty car values, which were up 0.05% and 0.06%, respectively.
In the truck segment, minivans and compact vans both saw a boost in weekly values, rising 0.06% and 0.17%, respectively.