Related: Wholesale Values Continue to Slide Midway Through October
Wholesale Values Stabilize After Weeks of Decline
After several weeks of accelerated depreciation, this week's Black Book Market Insights report shows more stable wholesale values.
October 24, 2019
Small pickups saw the highest depreciation within the truck segment; values for the segment fell 1.23% through the week.
Image courtesy of Black Book.
1 min to read
Wholesale used-vehicle depreciation remained stable last week, after several weeks of accelerated depreciation, according to Black Book’s Oct. 22 Market Insights report.
Overall car segment values decreased 0.53% last week, compared to 0.51% the week prior. Overall truck segment values decreased by 0.53% as well, compared to 0.54% the week prior.
Subcompact cars experienced the heaviest depreciation within the car segment last week, as the average value for the segment fell 1.08%. Sporty, full-size, and mid-size cars experienced some of the lowest depreciation among cars at 0.32%, 0.37%, and 0.39%, respectively.
Small pickups saw the highest depreciation within the truck segment; values for the segment fell 1.23% through the week. Minivan values also saw noticeable depreciation at 0.86%. The lowest depreciation among truck segment vehicles came from full-size vans, which saw average values fall by 0.15%.
“Values of car and truck segment declined at a similar rate last week,” said Anil Goyal, EVP, operations for Black Book. “The no-sale rate at auto auctions continues to be high as buyers push down prices.”
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