The wholesale market saw the first real signs of the Spring market strength last week, as depreciation was low across the board, according to Black Book’s Feb. 19 Market Insights report.
Overall car segment values decreased 0.11% last week, compared to a 0.04% gain the week before. Overall truck segment values decreased 0.03% last week, compared to 0.19% the week before.
In the car segment, near luxury and luxury cars were the best-performing vehicle types. Near luxury cars saw a 0.11% week-over-week increase in wholesale value last week while luxury cars saw a 0.08% week-over-week increase.
The weakest-performing vehicles within the segment were subcompact cars and compact cars, which were down 0.33% and 0.34%, respectively.
Four vehicle types within the truck segment had week-over-week gains in their wholesale value. Subcompact crossovers, subcompact luxury crossovers, compact luxury crossovers/SUVs, minivans, and compact vans all saw higher values last week than they did two weeks ago.
Full-size luxury crossovers/SUVs had the weakest showing through the week, as values for the segment were down 0.47% through the week.