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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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After several weeks of rising depreciation, vehicle values stabilized last week.
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For the third year in a row — and fourth overall — Toyota has earned Kelley Blue Book's overall Best Resale Value Award for mainstream brand.
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Overall car segment values declined 0.71% last week, compared to 0.74% the week before.The highest depreciation within the car segment came from subcompact cars, midsize cars, and near luxury cars.
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Prices and volume are not expected to plummet in 2019, but industry experts seem to feel that the best-case scenario will be a plateau, and more realistically, will fall slightly.
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Used vehicle values continued to decline at the start of the new year, pushing sales rates at auction up, but moving prices down.
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Black Book’s Used Vehicle Retention Index finished 2018 1.9% higher than in the same time in 2017.
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Overall, wholesale car segments values decreased 0.86% last week, compared to 0.72% the week before.
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The average 12-month depreciation through the end of November for all vehicles was 12.5%.
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