Overall car segment values declined 0.25% last week, compared to 0.2% the week prior. These two weeks of accelerated depreciation follow more than two months of strong car segment values.
Overall car segment values declined 0.25% last week, compared to 0.2% the week prior. These two weeks of accelerated depreciation follow more than two months of strong car segment values.
Photo courtesy of Black Book.
Used car segment value depreciation accelerated for the second week in a row last week, according to Black Book’s Oct. 1 Market Insights report.
Overall car segment values declined 0.25% last week, compared to 0.2% the week prior. These two weeks of accelerated depreciation follow more than two months of strong car segment values.
The best-performing car segments were subcompact, compact, and premium sporty cars, which saw their values decrease by 0.17%, 0.18%, and 0.05%, respectively. Sporty, mid-size, and sporty experienced the highest depreciation through the week at 0.33%, 0.32%, and 0.36%, respectively.
Overall truck segment values declined 0.13% last week, compared to 0.01% the previous week.
Many truck vehicle segments experienced higher week-over-week values — such as subcompact crossovers, subcompact luxury crossovers, mid-size luxury crossovers, compact vans, full-size vans, and small pickups.
The steepest depreciation came from compact and full-size luxury crossovers / SUVs, which respectively saw 0.31% and 0.33% declines in average wholesale value.
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