Car Values Continue to Decline at Auction
Overall car segment values declined 0.71% last week, compared to 0.74% the week before.The highest depreciation within the car segment came from subcompact cars, midsize cars, and near luxury cars.
The highest depreciation within the car segment came from subcompact cars, midsize cars, and near luxury cars, which depreciated 0.95%, 0.93%, and 0.85%, respectively. Premium sporty cars claimed the lowest depreciation of the week at 0.32%.
Image courtesy of Black Book.
Car segment values continued to drop last week, according to Black Book’s Jan. 21, 2019 Market Insights report.
Overall car segment values declined 0.71% last week, compared to 0.74% the week before.
The highest depreciation within the car segment came from subcompact cars, midsize cars, and near luxury cars, which depreciated 0.95%, 0.93%, and 0.85%, respectively. Premium sporty cars claimed the lowest depreciation of the week at 0.32%.
Meanwhile, car segment values were fairly stable. Overall truck segment values declined 0.58% last week, compared to 0.75% the week before.
Compact vans and small pickups, two segments that performed well through most of 2018, experienced the highest depreciation last week at 1.96% and 1.05%, respectively. Larger vehicles, such as full-size pickups and full-size vans realized the lowest depreciation, at 0.05% and 0.22%, respectively.
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