Truck and car values both saw a bump last week, as the spring market continues to lift overall values, according to Black Book's April 8 Market Insights report.
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The lull that the wholesale market experienced through January and February was upended in March, as the industry saw the traditional spring bounce in values, according to the most recent Manheim Index report.
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Vehicle depreciation accounted for 32.9% of the total cost of ownership over the past 12 months, which continues a three-year trend of declining depreciation costs, according to a new study from Motus.
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Overall truck segments are declining but some truckmakers saw increases of up to 5% due to new 1/2-ton pickups.
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The Federal Reserve has voted unanimously that it would not hike interest rates any further for the remainder of 2019.
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New-lease marketplace Wantalease.com reports falling average lease costs for a variety of Chevrolet and Ford vehicles.
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In the month preceding the start of the Spring season, trucks continued to show the resilience they've shown in past months. A few key segments showed particular strength and luxury vehicles continued to struggle.
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Overall depreciation was lower last week and midsize car values, in particular, saw a noticeable lift.
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Luxury car and truck values fell last week, as demand continues to climb for more affordable vehicles, according to Black Book's March 11 Market Insights report.
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Analysts say a late start to the spring selling season could be to blame for a third consecutive monthly decline in Black Book’s Used Vehicle Retention Index.
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