While most wholesale vehicle segments are experiencing low levels of depreciation, heavy depreciation from luxury segments is continuing to weigh down overall wholesale values, according to Black Book’s Sept. 10 Market Insights report.
Overall car segment values decreased 0.15% last week, compared to an increase of 0.04% the week before. Overall truck segment values decreased 0.16% last week, compared to 0.06% the week before.
The strongest car segment through the week was the full-size car, which saw its average wholesale value increase by 0.14% week-to-week.
Luxury cars and prestige luxury cars saw the heaviest depreciation within the car segment, as values declined 0.61% for both types of vehicles.
Subcompact crossovers, full-size CXU/SUVs, subcompact CXU/SUV, and full-size vans all saw week-to-week gains in the wholesale market. The heaviest declines among truck segments originated form full-size CXU/SUVs and minivans, which saw a 0.67% and 0.72% decline in value, respectively.