Average wholesale used prices continued to see steep declines last week, as used values registered the largest drop since spring, according to Black Book’s Oct. 8 Market Insights report.
Overall car segment values decreased 0.65% last week, compared to 0.39% the week before. Overall truck segment values decreased 0.48% last week, compared to 0.37% the week before.
Subcompact, compact, and midsize cars experienced the biggest decrease in average value through the week, falling 1%, 0.82%, and 0.86%, respectively. All other car segments that Black Book tracks saw similar levels of depreciation, ranging from 0.34% to 0.53%.
On the truck segment side, subcompact crossovers, minivans, and small pickups experienced the steepest depreciation, as values for these segments fell 0.97%, 1.03%, and 0.94%, respectively.
Full-size crossovers/SUVs and subcompact luxury crossovers/SUVs, on the other hand, experienced the lowest depreciation of the week at 0.11% and 0.07%, respectively.