Wholesale vehicle depreciation saw an uptick last week, as the car segment in particular saw a decrease in values, according to Black Book's July 15 Market Insights report.
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Wholesale vehicle depreciation continued to accelerate last week, a trend that is expected to continue for the next few weeks, as seasonal patterns take hold, according to Black Book's July 8 Market Insights report.
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Black Book's latest Used Vehicle Retention Index for June (115) shows a 0.6% increase from May (114.4), which reflects an incremental improvement in used vehicle values.
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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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Autodata Solutions will integrate Black Book's vehicle build data into its software solution that's powered by ChromeData and offered to lenders, dealers, insurance companies, and auctions, Black Book has announced.
Read More →Black Book will begin offering vehicle verification information to automotive lenders to help reduce misrepresentation about a vehicle's trim and equipped options, the valuation firm announced.
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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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Spring has come to an end, with cars declining in values greater than trucks.
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