Wholesale compact van values experienced the biggest decline at auction last week, according to Black Book’s Nov. 5 Market Insights report.
Week-over-week, average wholesale compact van values were down 1.03% last week, compared to the 0.13% depreciation the segment had experienced the week prior.
The truck segment as a whole, however, remained flat compared to the week prior. Overall truck segment values declined 0.48%, compared to the same percentage a week ago.
The strongest-performing truck segments last week were subcompact luxury crossovers, mid-size luxury crossovers/SUVs, and small pickups, which experienced 0.07%, 0.1%, and 0.09% depreciation, respectively.
Similarly, overall car segment values also saw little change compared to the week before. Overall car segment values were down 0.6% last week, compared to 0.69% the week prior.
Full-size and mid-size cars were the weakest segments through the week, as the two segments experienced 0.81% and 0.74% depreciation, respectively.
The strongest performer within the car segment was the subcompact car segment, which realized 0.23% depreciation last week, the lowest among all cars.
“Used car depreciation rates are now showing normal patterns for this time of the year after strong retention in the summers,” said Anil Goyal, executive vice president, operations for Black Book.