The expected seasonal lift from this point of the year has yet to arrive at auctions, and wholesale values last week saw little change as a result, according to Black Book's March 4 Market Insights report.
Overall car segment values decreased by 0.42% last week, compared to 0.43% the week before. Overall truck segment values decreased 0.38% last week, compared to 0.40% the week prior.
Subcompact cars saw the biggest decline in value last week, as average values for the segment fell 1.23%. The next biggest drop came from luxury cars, which saw values fall for 0.72%.
Full-size cars realized the lowest depreciation through the week, as values for the segment fell 0.16%.
Two truck segment vehicles showed strong performances last week: subcompact luxury crossovers and compact vans. Subcompact luxury crossovers values remained flat from the week before and compact van values saw an increase of 0.03% week-over-week.
Subcompact crossovers, compact crossovers/SUVs, and midsize luxury crossovers/SUVs had the toughest week, as the vehicles realized the highest depreciation among trucks at 0.65%, 0.65%, and 0.60%, respectively.