Sharp Wholesale Value Declines Continue on the Week

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.