Seasonal Depreciation Hits Small Pickups

The small pickup segment experienced its highest depreciation of the year last week, according to Black Book’s Dec. 3 Market Insights report.

Average wholesale values for the segment were down 0.70% last week, compared to 0.17% the week before. While higher depreciation is expected at this time of the year, last week’s depreciation was particularly high for a segment that has seen low depreciation through most of the year.

The truck segment wasn’t alone in terms of higher-than-average depreciation, however.

Full-size crossovers/SUVs, mid-size crossovers/SUVs, and full-size luxury crossovers/SUVs also experienced heavy depreciation last week at 1.19%, 1.04% and 0.81%, respectively.

Overall, the truck segment was down 0.79% in value last week, compared to 0.23% the week before.

Switching to the car segment, overall segment values were down 0.64% last week, compared to 0.41% the week before.

The heaviest depreciation came from the compact and sporty car segments, which were down 0.77% and 0.75% last week, compared to 0.48% and 0.09% the week prior.

The lowest depreciation among cars came from full-size cars, which saw average wholesale values decline by 0.29%.