While luxury vehicles continue to struggle, overall vehicle values held steady last week, according to Black Book’s Oct. 8 Market Insights report.
Overall, car segment values were down 0.21% last week, compared to 0.25% the week prior. Overall, truck segment values were down 0.16%, compared to 0.13% the week prior.
Premium sporty, sporty, and prestige luxury cars led depreciation last week at 0.53%, 0.34%, and 0.34%, respectively. More affordable vehicles, such as subcompact, and mid-size cars experienced the lowest depreciation last week at 0.12% and 0.04%, respectively.
In the truck segment, full-size vans experienced a strong week, as values for vehicles in that segment improved 0.25% over the previous week. Alternatively, full-size luxury crossovers/SUVs had the week’s weakest showing, as values for the segment fell 0.61% over last week.
“Overall, wholesale market values were relatively steady last week with the exception of some luxury and sporty car segments,” said Anil Goyal, executive vice president, operations for Black Book.