The best-performing segment among cars was the full-size car segment. Among trucks, the best-performing segment was the small pickup segment, which was up 0.40% week-over-week.
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Overall, cars segment values decreased by 0.11%, compared to 0.2% the week before. In the truck segment, overall values decreased 0.1%, compared to 0.15% the week before.
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Overall, car segment values decreased by 0.2%, compared to 0.22% depreciation the segment experienced the week before. Overall, truck segment values decreased by 0.15%, equal to the deprecation the segment experienced the week before.
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The first half of 2018 has been a strong year for used vehicle values, and growth in upstream remarketing is playing a helpful role.
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Overall, car segment values decreased 0.22% last week, compared to 0.09% the week before. Overall, truck segment values decreased 0.15%, compared to 0.19% the week prior.
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Depreciation rates fell to two-month lows for both cars and trucks last week, propelled by strong performances from vans, pickups, and sporty cars.
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As an example of this analysis, Black Book data shows that the Toyota FJ Cruiser, whose last model-year was 2014, has actually gone up in value by 25.7% compared to other vehicles that were listed in its segment.
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A strong retail market has led to fewer no sales and continued stable wholesale prices, according to Black Book’s July 23 Market Insights report.
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Economic growth and positive consumer sentiment helped drive June’s depreciation rates to the lowest levels seen in five years, according to Black Book.
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June was an especially strong month for the used-vehicle market, resulting in J.D. Power Valuation Services’ Seasonally Adjusted Used Vehicle Price Index increasing 1.2 points from May to 118.2. Compared to a year ago, the index was up 4.1 points.
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