Depreciation among car and truck segments improved slightly last week, but overall remains fairly stable, according to Black Book's July 29 Market Insights report.
Overall car segment values decreased 0.23% last week, compared to 0.54% the week before. Overall truck segment values decreased 0.14% last week, compared to 0.26% the week before.
Most of the vehicles within the car segment maintained similar levels of depreciation, the main exception were prestige luxury cars which saw the heaviest depreciation of 0.42% for the week.
Most truck segment vehicles also saw similar levels of depreciation. Subcompact crossovers saw the heaviest depreciation among trucks at 0.70% while full-size crossovers/SUVs, compact vans, and full-size pickups had strong showings. These segments saw better wholesale values last week than they did the week before — full-size crossover/SUV values were up 0.25%, compact van values were up 0.19%, and full-size pickup values were up 0.08%.
“The used vehicle values were stable last week after stronger declines in the previous two weeks," said Anil Goyal, executive vice president, operations. "In particular, pickup trucks are showing strong retention.”