Wholesale values saw unusually low depreciation last week, according to Black Book’s Jan. 21 Market Insights report.
Overall car segment values saw no change last week, compared to a 0.44% drop the week before. Overall truck segment values decreased 0.17% last week, compared to 0.56% the week before.
Compact and sporty cars experienced the highest depreciation last week, as values for the segments were down 0.67% and 0.64%, respectively.
Subcompact cars had the strongest showing among cars last week, as values for these small vehicles were down 0.06%.
Within the truck segment, the heaviest depreciation came from compact vans, which saw average values fall 1.50%. Mirroring the car segment, subcompact crossovers also had the best showing of the week, among truck segment vehicles, with values falling 0.11%.
“The values of used vehicles have been more stable in the new year after the steeper declines late last year,” said Anil Goyal, EVP, operations. “Sales conversion rates are reported to be higher in the auctions as dealers take advantage of the lower prices before the spring buying kicks in.”