Car segments depreciated at nearly double the percentage of trucks this past week, with overall car values decreasing 0.47% during the week of July 25. This is similar to the average depreciation rate of 0.46% of the previous four weeks.
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This week’s Black Book Market Insights report shows that car and truck segments depreciated at nearly the same percentage this past week.
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This week’s Black Book Market Insights report showed depreciation across the board for all car and truck segments, with particular emphasis on trucks and small crossover segments.
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The average price of a used vehicle for model years 2011-2015 depreciated 1.7% in June, following light depreciation in May. These vehicles fell 15.4% in value from year-ago-levels, according to Black Book.
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This week’s Black Book Market Insights report offers up data that shows how car segment depreciation has consistently picked up since January.
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Class 8 auction volume has remained steady, and well behind the inflated numbers of the second half of 2015.
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Used vehicle values from the 2010 to 2014 model years fell 0.5% in May from April levels with cars showing a slightly higher depreciation rate than trucks, according to Black Book.
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Rising used vehicle depreciation pulled average April values into the red in a month that's typically the last strong month of the spring season, according to Black Book.
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Black Book has new data that shows truck segments may be feeling additional pricing pressure, resulting in many trucks not holding their values as well as in previous years.
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Used vehicles depreciated an average of 3.6% in the first quarter compared to 0.6% in 2015 in a signal of sharper depreciation, but values improved in March over January and February levels, according to Black Book.
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