Subaru earned Kelley Blue Book's award for the mainstream brand category.
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Wholesale values saw unusually low depreciation last week, according to Black Book’s Jan. 21 Market Insights report.
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Wholesale values as of the second week of the new year are holding stable, which is the inverse of the heavy depreciation that late 2019 saw.
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Black Book’s Used Vehicle Retention Index for December 2019 registered 113.3, representing a 0.7 point decline from the month before.
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Overall car segment values decreased 0.26% last week, compared to 0.68% the week before. Overall truck segment values decreased 0.44% last week, compared to 0.71% the week before.
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Overall car segment values decreased 0.68% last week, compared to 0.92% the week before. Overall truck segment values decreased 0.71% last week, compared to 0.85% the week before.
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Five of the most widely used vehicle segments among light-duty fleets saw relatively low depreciation in 2019.
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Analysts found that, as in 2018, consumers continued to abandon car segments in 2019. Light trucks are on track to account for more than 70% of overall new-car sales for 2019, while cars will account for less than 30% of new-car sales.
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The wholesale market experienced above average depreciation last week, but there is the sentiment among remarketers that values may begin to stabilize soon.
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Former fleet vehicles sold by KAR Global's ADESA remarketing unit fell 3.2% in value in November from the prior month but remain 3% ahead of a year ago partly due to a softening wholesale market.
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