Late June Depreciation Slows Down
Lower depreciation among luxury cars helped decelerate overall car segment depreciation, while truck segment depreciation remained stable.
Contrary to their performance for most of the year, luxury cars had the best performance of the week. Near luxury and luxury car values was flat through the week while premium sporty car values increased 0.06% week over week.
Image courtesy of Black Book.
Lower depreciation among luxury cars helped decelerate overall car segment depreciation, while truck segment depreciation remained stable, according to Black Book's July 1 Market Insights report.
Overall car segment values decreased by 0.21% last week, compared to 0.44% depreciation the week prior.
Contrary to their performance for most of the year, luxury cars had the best performance of the week. Near luxury and luxury car values was flat through the week while premium sporty car values increased 0.06% week over week.
One luxury segment, prestige luxury, continued to struggle last week, depreciating 0.48% through the week.
Overall truck segment values decreased 0.17% last week, nearly identical to the 0.12% depreciation the segment experienced the week prior.
The heaviest depreciation came from compact luxury crossovers/SUVs and subcompact luxury crossovers/SUVs, which depreciated 0.72% and 0.51%, respectively.
The best-performing truck segments for the week were subcompact crossovers, small pickups and full-size pickups.
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