As manufacturers continue to release new vehicles into the luxury segment, the number of vehicles in the segment has grown. This along with overproduction and higher incentives has led to higher depreciation rates for the segment.
Read More →Luxury vehicles continued to struggle last week, as the segment realized some of the highest depreciation rates among all segments, according to Black Book’s Feb. 13 Market Insights report.
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While trucks had greater overall depreciation this week compared to cars, luxury vehicle segments showed weekly increase in depreciation in both categories.
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The current values of two-year old luxury cars are showing retention trends of more than three percentage points lower than prior year's retention for similar vehicles at this point in their life-cycle.
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Black Book expects luxury-level car segments will feel the largest depreciation through the balance of the year, largely driven by off-lease returns in lease-heavy segments.
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