Average wholesale values declined more last week, as truck segment declines outpaced car segment vehicles, according to Black Book’s Nov. 19 Market Insights report.
Overall truck segment values declined 0.83% last week, compared to 0.99% the week before.
Full-size, compact luxury, and compact crossovers/SUVs experienced some of the highest depreciation last week, as values for the respective segments declined 1.30%, 1.20%, and 1.06%.
Full-size pickup depreciation was also high last week, continuing the multi-week trend of steep depreciation for the segment.
“Truck segments declined more than car segments last week,” said Anil Goyal, EVP, operations for Black Book. “In the previous three-week period, values of full-size pickups have declined at the steepest rate seen this year.”
The best-performing truck segment vehicle last week was the compact van segment.
Overall car segment values declined 0.58% last week, compared to 1.32% the week before. Prestige luxury, sporty, and subcompact cars experienced the highest depreciation at 0.91%, 0.93%, and 0.88%, respectively.
The lowest depreciation within the car segment came from midsize cars.