Depreciation rates fell to two-month lows for both cars and trucks last week, propelled by strong performances from vans, pickups, and sporty cars, according to Black Book’s July 30 Market Insights report.
The top performers among all vehicles last week were minivans, compact vans, and small pickups, as these segments all saw their average wholesale values rise 0.26%, 0.27%, and 0.09%, compared to the week before.
Subcompact crossovers and full-size vans also saw low levels of depreciation, as values were nearly flat compared to the week before. Most other truck segments saw similar depreciation rates, hovering in the 0.30%-0.40% range.
Overall, truck segment values were down 0.19% last week, compared to 0.28% the week before. Overall, car segment values decreased by 0.09% last week, compared to 0.30% the week before.
Sporty cars continue to drive up overall car segment values, as the demand for them has held up well during the summer months. Subcompact, compact, and mid-size car values also saw low depreciation, depreciating 0.05%, 0.07%, and 0.02%, respectively.
Compared to all other vehicles in the car segment, luxury segments experienced the steepest depreciation.