The wholesale market had another week of stable prices, marking the fourth consecutive week where wholesale values have remained at similar levels, according to Black Book’s July 9 Market Insights Report.
Overall, car segment values decreased 0.34% last week, compared to 0.30% the week before. Truck segment values decreased 0.25% last week, the same decline the segment experienced the week before.
Within the car segment, prestige luxury cars experienced the steepest depreciation, falling 0.63% in value. Meanwhile, compact cars experienced the lowest depreciation among all cars, falling 0.12% in value through the week.
Within the truck segment, compact vans struggled the most, as the segment declined 0.81% compared to the week before. The small pickup segment thrived, however, as the average wholesale value for the segment was up 0.10% compared to the week before.
“Depreciation rates have remained consistent during the last four weeks for both car and light truck segments,” said Anil Goyal, executive vice president, operations for Black Book. “The used vehicle market is relatively strong for this time of the year.”