Wholesale vehicle values continued to dip last week, realizing the biggest declines of the past four months, according to Black Book’s June 18 Market Insights report.
As the season gets warmer, sporty cars have seen an uptick in demand as well as value at auction.
Courtesy of Black Book.
Wholesale vehicle values continued to dip last week, realizing the biggest declines of the past four months, according to Black Book’s June 18 Market Insights report.
Every single car segment that Black Book tracks, except for the sporty car segment, experienced a drop in value last week. Sporty cars experienced a 0.12% week-over-week increase in value, as the summer season has boosted demand for the particular segment.
Overall, the car segment realized a 0.38% decline in average wholesale value, compared to 0.24% the week before.
Depreciation within the overall truck segment was slightly more favorable. Overall, truck segment values declined by 0.24% through the week, compared to 0.17% the week before.
Full-size van values depreciated 0.56%, the most of all truck segments, while subcompact crossovers and full-size pickups saw the lowest depreciation at 0.03% and 0.04%, respectively.
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