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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.
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Black Book's latest Used Vehicle Retention Index for June (115) shows a 0.6% increase from May (114.4), which reflects an incremental improvement in used vehicle values.
Read More →Lower depreciation among luxury cars helped decelerate overall car segment depreciation, while truck segment depreciation remained stable.
Read More →Car values continued to weaken and truck values strengthened last week, as the summer months approach.
Read More →Overall car segment values decreased 0.36% last week, compared to 0.31% the week prior. Overall truck segment values decreased 0.16%, compared to 0.08% last week.
Read More →The Used Retention Index for May was 114.4, which represented a 0.7% increase from the month before. This was the first increase of 2019.
Read More →With the exception of luxury vehicles, most vehicle segments saw stable values last week.
Read More →Sedan wholesale values are expected to improve as more SUVs and crossovers return to the used market. Meanwhile, SUV and crossover wholesale values are beginning to decline
Read More →Used vehicles from fleet consignors in ADESA sales increased 4.3% to $13,771 in April compared to March, and were up 4.4% from a year ago, according to monthly commentary from Tom Kontos.
Read More →Overall wholesale values remained stable last week, however, luxury values continued to decline last week.
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