Full-size cars and SUVs depreciated the most in the past week, as vehicle usage and demand has fallen in recent weeks even in the face of lower gasoline prices, according to Black Book's Nov. 13 Market Insights report.
"Depreciation rates continue to be consistent and in line with the trend seen during the last four weeks, but higher than the rates of previous months," said Anil Goyal, Black Book's executive vice president of operations.
Overall car segment values decreased by 0.52% for the week. As a means of comparison, the market values had decreased by only 0.57% on average during the prior four-week period. Among cars, the full-size car segment saw the largest drop.
The overall truck segment (including pickups, SUVs and vans) values fell 0.43% during the week. Market values had decreased by 0.43% on average during the prior four-week period. Among truck segments, the full-size crossover/SUV segment performed the worst, according to the company.