Car segments showed some of the heaviest depreciation of the year entering August with an overall depreciation of 0.62% last week, while values of compact van and sub-compact SUVs of the truck segment declined the most by 1.36% and 1.12% respectively.
Chart courtesy of Black Book.
Chart courtesy of Black Book.
Car segments showed some of the heaviest depreciation of the year entering August with an overall depreciation of 0.62% last week, while values of compact van and sub-compact SUVs of the truck segment declined the most by 1.36% and 1.12% respectively.
Of the car segments, mid-size car, near luxury car, and prestige luxury cars declined the most by 0.74%, 0.92%, and 0.93%, respectively, according to the Aug. 9 Black Book Market Insights report.
Overall car value decrease is slightly higher than the average depreciation rate of 0.44% seen in the previous four weeks, while the overall truck segment (including pickup, SUVs and vans) values decreased by 0.29%.
“Last week, the depreciation rate on car segments accelerated to the highest in the year, while truck segments, including pickups and SUVs, continue to show strength,” said Anil Goyal, senior vice president of automotive valuation and analytics.
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