Wholesale vehicle depreciation continued to accelerate last week, a trend that is expected to continue for the next few weeks, as seasonal patterns take hold, according to Black Book's July 8 Market Insights report.
Overall car segment values declined 0.40% last week, compared to 0.21% the week before. Overall truck segment values declined 0.16% last week, compared to 0.17% the week before.
Compact, midsize, and prestige luxury cars experienced the heaviest depreciation within the car segment, as values for the respective vehicles declined 0.55%, 0.62%, and 0.63%. Conversely, subcompact and luxury cars realized the lowest depreciation within the car segment at 0.04% and 0.08%, respectively.
Overall truck values remained largely the same week-over-week. Two vehicle segments — subcompact and compact luxury crossovers/SUVs — realized the weakest performance of the week among trucks. Values for these two truck segment vehicles fell 0.45% and 0.44% through the week.
Meanwhile full-size luxury crossovers/SUVs, compact vans, and small pickups had the strongest showing of the week at 0.07%, 0.08%, and 0.03% respective depreciation.