Strong performances by compact cars, midsize cars, luxury cars, minivans, and compact vans helped keep overall wholesale values steady last week, according to Black Book’s Feb. 4 Market Insights report.
Overall car segment values decreased 0.21% last week, compared to 0.13% the week before. Overall truck segment values decreased 0.18%, compared to 0.28% the week before.
As mentioned, compact cars, midsize cars, and luxury cars were the standouts within the car segment. These vehicles all saw their average values increase by 0.07%, 0.15%, and 0.04% respectively, week-over-week.
On the flipside, prestige luxury and sporty cars saw heavy depreciation at 0.83% and 1.17%, respectively.
Minivan and compact van values increased 0.38% and 0.34%, respectively through the week. Most of the other vehicles within the segment saw similar depreciation, but subcompact luxury crossovers saw the biggest decline within the segment through the week, at 0.75%.
“Prices were strong early regardless of condition but as the sale continued bidders were dealing with higher floors. SUVs and full-size trucks dominated the sale,” said one industry observer at a Missouri auction.