After leading depreciation in the first week of January, truck segment values saw a small recovery last week, while car segment values continued to decline at a similar pace, according to Black Book’s Jan. 15 Market Insights report.
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In a reversal from the past several weeks, truck depreciation outpaced car depreciation during the first week of the New Year, according to Black Book’s Jan. 8 Market Insights report.
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An index that tracks wholesale used vehicle values fell in December for the first time in four months at a time when the used vehicle market typically shows some weakness. It also reinforced 2017 as a growth year for used vehicle sales.
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The car segment saw the highest declines of the year during the last week of 2017, according to Black Book’s Jan. 1 Market Insights report.
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Typical seasonal highs and lows were disrupted this year due to a run of natural disasters destroying hundreds of thousands of vehicles and causing a surge in replacement activity. Overall fleet depreciation improved this year.
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As demand for vehicles continues to slow down at the end of 2017, the truck segment’s average wholesale value experienced its biggest decline of the year, according to Black Books Dec. 25 Market Insights report.
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As December progresses, average wholesale vehicle values continue to decline, with subcompact cars and subcompact crossovers leading the pack in their respective segments last week, according to Black Book’s Dec. 18 Market Insights report.
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The hurricanes that swept through Texas and Florida destroyed and damaged as many as 900,000 vehicles, and the replacement activity that the catastrophic events spurred boosted retention by almost 2%, according Black Book.
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Wholesale cars and truck depreciation has continued to accelerate through the midpoint of December, as the seasonal slide continues to take effect, according to Black Book’s Dec. 11 Market Insights.
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The average price of a used vehicle from model years 2012 to 2016 depreciated in value by 2.2%, in November, according to Black Book. Year-over-year, the average value for these vehicles has depreciated by 13.2%.
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