
Lower depreciation among luxury cars helped decelerate overall car segment depreciation, while truck segment depreciation remained stable.
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Car values continued to weaken and truck values strengthened last week, as the summer months approach.
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Overall car segment values decreased 0.36% last week, compared to 0.31% the week prior. Overall truck segment values decreased 0.16%, compared to 0.08% last week.
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The Used Retention Index for May was 114.4, which represented a 0.7% increase from the month before. This was the first increase of 2019.
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With the exception of luxury vehicles, most vehicle segments saw stable values last week.
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Overall wholesale values remained stable last week, however, luxury values continued to decline last week.
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Overall car segment values were down 0.08%, compared to a 0.08% increase the week before. Overall truck segment values were up 0.09%, compared to an increase of 0.05% the week before.
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Gains last week were minimal, remaining essentially flat from the week before, signaling an end to the price gains the market has experienced.
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Overall car segment values increased 0.12% last week, compared to 0.24% the week before. Overall truck segment values increased 0.06%, compared to 0.16% the week before.
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Fleet management company remarketers discussed trends affecting their day-to-day jobs and the industry as a whole.
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