November Wholesale Values End at 2-Year Low
The last week of November continued the downward spiral in used vehicle values, marking the weakest month in two years for wholesale values.
The highest depreciation within the car segment came mainly from luxury vehicles with near luxury car values falling by 1.24% and luxury car values falling by 1.36% through the week.
Image via Black Book.
The last week of November continued the downward spiral in used vehicle values, marking the weakest month in two years for wholesale values, according to Black Book’s Dec. 3 Market Insights report.
Overall car segment values decreased 0.91% last week, compared to 0.86% the week before. Overall truck segment values decreased 0.88% last week, compared to 0.79% the week before.
The highest depreciation within the car segment came from luxury vehicles with near luxury car values falling by 1.24% and luxury car values falling by 1.36% through the week.
Compact cars experienced some of the lowest depreciation of the week at 0.34%.
Looking at the crossover segment, subcompact and full-size CUVs/SUVs experienced the steepest declines of the week. Subcompact crossover/SUV values declined by 1.50% and full-size crossover/SUV values declined by 1.57%.
Among truck segment vehicles, full-size van and small pickups retained their values the most, as the 0.24% depreciation rate the segments experienced last week was the lowest of all vehicles.
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