Wholesale vehicle depreciation saw an uptick last week, as the car segment in particular saw a decrease in values, according to Black Book's July 15 Market Insights report.
Overall car segment values decreased 0.77% last week, compared to 0.40% the week before. Overall truck segment values decreased 0.27% last week, compared to 0.16% the week before.
Midsize, compact, and prestige luxury cars led in terms of depreciation. Midsize car values declined the most of all vehicles last week, at 1.2%. Compact and prestige luxury cars followed closely at 0.98% and 0.87% depreciation, respectively.
Sporty cars and premium sporty cars had the best week within the car segment, as depreciation for these two vehicles were the lowest among cars, at 0.23%.
Wholesales values for all of the vehicle segments tracked within the truck segment were largely similar. One outlier was the full-size luxury crossover/SUV segment, which realized the heaviest depreciation among trucks, at 0.89%.
The other outlier was the small pickup segment, which was the only vehicle to see a week-over-week gain in terms of wholesale value last week.