Average wholesale values have been falling for the past several weeks, and that trend continued last week, according to Black Book’s Oct. 15 Market Insights report.
Both the car and truck segment saw similar depreciation: overall car segment values decreased 0.51% last week compared to 0.65% the week before while truck segment values decreased 0.54% compared to 0.48% the week before.
Full-size cars led in depreciation, as values for the segment fell 1.15% last week, the highest among all vehicles.
The other car segment vehicles experienced similar levels of depreciation, hovering around 0.40% and 0.55%.
Compact vans experienced the highest depreciation within the truck segment. Small pickups trailed closely at 0.89%. Subcompact crossovers experienced the lowest depreciation among all vehicles, as values for the segment fell 0.01%.