Values of Car Segments Slide at a Higher Pace
Welcome to this week’s edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full report.
This week’s Black Book Market Insights report looks at the year-to-date depreciation averages by month for overall car segments. According to the analysis, car segments showed better retention in the spring due to the selling season, weakened in June and July, and are now showing some of the heaviest depreciation on the year entering August.
“Last week, the depreciation rate on car segments accelerated to the highest in the year, while truck segments, including pickups and SUVs, continue to show strength,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume weighted, overall car segment values decreased by 0.62% last week, slightly higher than the average depreciation rate of 0.44% seen in the previous four weeks.
- Mid-Size Car, Near Luxury Car and Prestige Luxury Car segments declined the most by 0.74%, 0.92% and 0.93%, respectively.
- Volume-weighted, overall truck segment (including pickup, SUVs and vans) values decreased by 0.29% last week. This is similar to the average depreciation rate of 0.32% seen in the previous four weeks.
- Compact Van and Sub-Compact Crossover segments declined the most by 1.36% and 1.12%, respectively.