With the exception of luxury vehicles, most vehicle segments saw stable values last week, according to Black Book's May 27 Market Insights report.
Overall car segment values declined 0.17% last week, compared to 0.05% the week before. Overall truck segment values declined 0.01% last week, compared to 0.02% the week before.
Car segment values were mostly flat, only the luxury, prestige luxury, and premium sporty cars saw noticeably high depreciation last week. Luxury car values declined 0.54% last week, after dropping 0.78% the week prior. Prestige luxury and premium car values declined 0.64% and 0.66%, respectively.
Most truck segment vehicles saw similar levels of depreciation last week. Full-size crossovers/SUVs, small pickups, and full-size pickups had the best showing last week, as values for these vehicles either stayed the same from week-to-week, or increased slightly. Full-size crossovers/SUVs saw a 0.1% week-over-week increase; small pickup values were flat; and full-size pickup values were up 0.19%.
Compact vans and full-size vans had the highest depreciation through the week, as values for the two segments were down 0.25% and 0.26%, respectively.
"The spring market uptrend is over but prices remain stable," said Anil Goyal, executive vice president operations for Black Book. "The late-model and lower-priced vehicles have the strongest demand."