Overall used car values were up 0.09% compared to the week before, while overall truck values were essentially flat on a volume-weighted basis, according to Black Book’s April 3 Market Insights report.
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Luxury vehicles, which experienced the biggest depreciation change among both light car and truck segments last week, continued to struggle last week, according to Black Book’s March 13 Market Insights.
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The Mitsubishi Mirage topped a list of the most affordable cars for retail leasing under a methodology that relies heavily on depreciation as a driver of total leasing costs.
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Two- to six-year old vehicles depreciated 0.8% in February, with trucks and vans showing relative strength, while luxury and sporty cars again fell hardest, especially when compared to year-ago values, according to Black Book.
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Small and large pickups were among the top performing segments in January with a 1.1% depreciation rate among two- to six-year-old vehicles sold in auction lanes, according to Black Book.
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Subaru and Acura ranked as the top automotive brand in Kelley Blue Book's annual 5-Year Cost to Own awards that names top luxury and non-luxury brands as well as 21 vehicle categories.
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While the truck segment had its best week — in terms of vehicle depreciation — last week, luxury cars saw values tumble, according to Black Book’s Jan. 31 Market Insights Report.
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Car segments are retaining their values better than they have in the past six months.
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Both cars and trucks saw lower levels of depreciation last week. Sub-compact and mid-size crossovers/SUVs dominated in the truck segment and compact cars continued to show some of the lowest levels of depreciation in the car segment, according to Black Book.
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Small cars are making a comeback to open the year, and Black Book believes the segment could be in for a good spring.
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