After several weeks of rising depreciation, vehicle values stabilized last week, according to Black Book's Jan. 28 Market Insights report.
Overall, car segment values declined 0.44% last week, compared to 0.71% the week before. Overall truck segment values were also down 0.44% last week, compared to 0.58% the week prior.
Most car segments saw similar depreciation last week, but four stood out with noticeably higher depreciation. Prestige luxury cars saw the steepest depreciation for the week at 0.73%. Near luxury, full-size, and premium sporty cars rounded out the top four, in terms of depreciation, at 0.61%, 0.54%, and 0.50%, respectively.
The truck segment had extremes in both directions: full-size vans and full-size crossovers/SUVs had the best performance of the week with a weekly improvement of 0.03% in value and 0.04% depreciation, respectively.
Subcompact luxury crossovers and small pickups had the weakest showing of the week, at 1.50% and 1.06% depreciation respectively.