The wholesale market saw the first signs of the spring market last week. Overall depreciation was lower last week and midsize car values, in particular, saw a noticeable lift, according to Black Book's Market Insights March 18 report.
Midsize car values were 0.33% higher last week, compared to the week before. And, thanks to the strong performance of midsize cars, overall car depreciation reached one of the lowest points of the year.
Overall car segment values decreased 0.19% last week, compared to 0.51% the week prior.
Similar to last week's report, luxury car values continued to struggle in this week's report. Luxury and prestige luxury cars realized the highest depreciation among cars at 0.48% and 0.67%, respectively.
While the truck segment didn't experience the same lift that the car segment did, truck values still saw a bump this past week. Overall truck segment values decreased 0.39% last week, compared to 0.49% the week before.
Minivans saw the lowest depreciation among trucks, with values for the segment decreasing 0.03% last week. Meanwhile, full-size vans saw the highest depreciation among all vehicles last week, with values falling 0.85% through the week.