Sedan Depreciation Accelerates for Second Week

Used car segment value depreciation accelerated for the second week in a row last week, according to Black Book’s Oct. 1 Market Insights report.

Overall car segment values declined 0.25% last week, compared to 0.2% the week prior. These two weeks of accelerated depreciation follow more than two months of strong car segment values.

The best-performing car segments were subcompact, compact, and premium sporty cars, which saw their values decrease by 0.17%, 0.18%, and 0.05%, respectively. Sporty, mid-size, and sporty experienced the highest depreciation through the week at 0.33%, 0.32%, and 0.36%, respectively.

Overall truck segment values declined 0.13% last week, compared to 0.01% the previous week.

Many truck vehicle segments experienced higher week-over-week values — such as subcompact crossovers, subcompact luxury crossovers, mid-size luxury crossovers, compact vans, full-size vans, and small pickups.

The steepest depreciation came from compact and full-size luxury crossovers / SUVs, which respectively saw 0.31% and 0.33% declines in average wholesale value.