Small, Mid-Size Cars Show Large Depreciation Rates
This week’s Black Book Market Insights report shows how smaller and mid-size car segments are continuing to lead with some of the largest depreciation rates seen in a while. Sub-compacts in particular have demonstrated significant depreciation over the last four weeks at -2.87%.
by Staff
July 7, 2016
Photo courtesy of Black Book.
1 min to read
Photo courtesy of Black Book.
This week’s Black Book Market Insights report shows how smaller and mid-size car segments are continuing to lead with some of the largest depreciation rates seen in a while. Sub-compacts in particular have demonstrated significant depreciation over the last four weeks at -2.87%.
“Fuel prices moved down slightly and Truck & SUV demand remains high. Nonetheless, weekly depreciation rates are weighed down by ample wholesale volume and seasonality,” said Anil Goyal, senior vice president of automotive valuation and analytics.
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According to the report, here are other key stats:
Volume-weighted, overall car values decreased 0.54% last week. That’s the highest overall weekly deprecation rate since the first week of 2016.
Compact and Mid-size Car segments received the highest weekly depreciation rates at -0.83% and -0.81%, respectively.
In the last month, the Sub-compact segment led depreciation rates at an accumulative adjustment of -2.87%, followed closely by the Compact Cars at -2.83% and Mid-size Cars at -2.39%.
Volume-weighted, overall truck values decreased 0.37% last week, same as the week prior. That’s two consecutive weekly high depreciation rates in the last three months.
Compact Luxury Crossover/SUV, Compact Van and Mid-size Luxury Crossover/SUV segments received the highest weekly depreciation rates at -0.79%, -0.70% and -0.67%, respectively.
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