Low depreciation among sporty cars and small sedans and SUVs helped maintain weekly wholesale values at stable levels last week, according to Black Book’s Market Insights for July 16.
Overall, car segment values decreased 0.27% last week, compared to 0.34% the week before. In the truck segment, values decreased 0.34% last week, compared to 0.25% the week before.
Sporty cars had the best week, as the average wholesale value for the segment was up 0.24% last week, compared to the week before. Premium sporty, subcompact, and mid-size cars also experienced low depreciation.
Subcompact crossovers / SUVs experienced the lowest depreciation — 0.06% — within the truck segment. Compact luxury crossovers / SUVs, along with small pickups and full-size pickups also experienced low levels of depreciation through the week.
“The used car market stays strong with mainstream car brand values depreciating at a low rate for this time of the year,” said Anil Goyal, executive vice president, operations for Black Book.