The first week of 2020 saw stabilized wholesale vehicle values among car and truck segment vehicles, according to Black Book’s Jan. 7, 2020 Market Insights report.
Overall car segment values decreased 0.26% last week, compared to 0.68% the week before. Overall truck segment values decreased 0.44% last week, compared to 0.71% the week before.
“The depreciation rate normalized in the first week of the new year after several weeks of steep declines in Q4 of 2019,” said Anil Goyal, EVP, operations for Black Book.
Compact cars realized the lowest depreciation within the car segment last week, as values for the segment fell 0.02%. The highest depreciation within the car segment came from near luxury cars and prestige luxury cars.
Within the truck segment, subcompact crossovers realized the lowest depreciation at 0.17%. Many segments saw wholesale values decline at similar levels, with values dropping from 0.40% to 0.70% on average.
Like the car segment, luxury vehicles experienced high depreciation within the truck segment. Subcompact luxury crossovers, midsize luxury crossovers/SUVs, and full-size luxury crossovers/SUVs saw some of the highest depreciation through the week.