Overall depreciation remained flat last week, as used wholesale values for both trucks and cars saw little change, according to Black Book's Feb. 11 Market Insights report.
However, three truck segments that had performed well for most of last year saw a big dip in values last week.
Subcompact crossovers, compact luxury crossovers/SUVs, and compact vans fell by 1.78%, 1.61%, and 1.55% last week, representing the highest depreciation among all vehicles.
Black Book doesn’t expect an improvement to used values in the coming months, as consumers are expected to receive smaller tax refunds this year. The smaller refunds will likely dampen the seasonal increase to used values, the firm added.
Overall, used car segment values decreased 0.54% last week, compared to 0.56% the week before. Overall, used truck segment values decreased 0.49% last week, compared to 0.42% the week before.
Among cars, the full-size segment saw the biggest drop in value, falling 0.90% through the week. Meanwhile, premium sporty cars had the best showing through the week, as values for the segment decreased the least among cars at 0.15%.