Luxury car and truck values fell last week, as demand continues to climb for more affordable vehicles, according to Black Book's March 11 Market Insights report.
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Overall car segment values decreased by 0.42% last week, compared to 0.43% the week before. Overall truck segment values decreased 0.38% last week, compared to 0.40% the week prior.
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A steady supply, thriving shipping market, and increased demand helped stabilize wholesale values going into 2019.
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Wholesale luxury car and compact van values declined during a week where overall depreciation remained fairly stable.
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Bidding was strong ahead of presidents day, which helped truck and car used values improve slightly last week.
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Three trucks and SUVs were listed as having the highest depreciation after a year in a recent report from iSeeCars.
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This growth was in large part fueled by the strong performance of lower-priced vehicles. Compact cars and midsize cars, in specific, saw the strongest growth among all vehicle segments and outperformed the overall market.
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Subcompact crossovers, compact luxury crossovers/SUVs, and compact vans fell by 1.78%, 1.61%, and 1.55% last week, representing the highest depreciation among all vehicles.
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The two months of falling vehicle values may be an indicator of what depreciation might look like in 2019.
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Depreciation for cars grew slightly last week, but overall values are continuing to stabilize, according to Black Book's Feb. 4 Market Insights report.
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