Wholesale Depreciation Among Cars Accelerated Last Week
Wholesale vehicle depreciation saw an uptick last week, as the car segment in particular saw a decrease in values, according to Black Book's July 15 Market Insights report.
Midsize, compact, and prestige luxury cars led in terms of depreciation. Midsize car values declined the most of all vehicles last week, at 1.2%. Compact and prestige luxury cars followed closely at 0.98% and 0.87% depreciation, respectively.
Image courtesy of Black Book.
Wholesale vehicle depreciation saw an uptick last week, as the car segment in particular saw a decrease in values, according to Black Book's July 15 Market Insights report.
Overall car segment values decreased 0.77% last week, compared to 0.40% the week before. Overall truck segment values decreased 0.27% last week, compared to 0.16% the week before.
Midsize, compact, and prestige luxury cars led in terms of depreciation. Midsize car values declined the most of all vehicles last week, at 1.2%. Compact and prestige luxury cars followed closely at 0.98% and 0.87% depreciation, respectively.
Sporty cars and premium sporty cars had the best week within the car segment, as depreciation for these two vehicles were the lowest among cars, at 0.23%.
Wholesales values for all of the vehicle segments tracked within the truck segment were largely similar. One outlier was the full-size luxury crossover/SUV segment, which realized the heaviest depreciation among trucks, at 0.89%.
The other outlier was the small pickup segment, which was the only vehicle to see a week-over-week gain in terms of wholesale value last week.
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