Bidding was strong ahead of presidents day, which helped truck and car used values improve slightly last week, according to Black Book's Feb. 18 Market Insights report.
Overall, wholesale car segment values decreased 0.37% last week, compared to 0.54% the week prior. Overall, wholesale truck segment values decreased 0.38% last week, compared to 0.49% the week prior.
Among cars, two segments had noticeably steeper depreciation: luxury cars and sporty cars.
Luxury cars depreciated 0.64% through the week while sporty cars depreciated 0.61%. Subcompact cars had the strongest showing among cars, realizing a depreciation of 0.03% depreciation through the week.
Among trucks, compact vans and small pickups had the best performance, with both vehicle segments seeing no change in value from week to week.
Subcompact, subcompact luxury, and compact luxury crossovers saw the heaviest depreciation among trucks last week, as values for those vehicles fell 0.84%, 0.82%, and 0.95%, respectively.