Black Book: Car Depreciation Shows Signs of Slowing

Cars showed better retention in the last week of September than in the previous four weeks, while trucks depreciated more than they have during that same timeframe.

Car values decreased by 0.57% last week, lower than the segment’s 0.66% average depreciation rate recorded over the previous four weeks. Truck values decreased by 0.58%, which was higher than the average depreciation rate of 0.43% recorded during the same timeframe, according to Black Book.

“Broader declines seen in the market last week as segments with larger declines included sub-compact cars, sporty cars, mid-size crossovers and full-size pickups.” said Anil Goyal, senior vice president of Automotive Valuation and Analytics.

The sporty car, prestige luxury car and compact car segments declined the most, dropping by 1.20%, 0.99%, and 0.82%, respectively. In the truck category, full-size vans, mid-size crossovers and SUVs, and full-size pickups declined the most, dropping 1.02%, 0.75%, and 0.74%, respectively.

On the other side of the spectrum, subcompact luxury crossovers and compact vans showed the greatest retention in the truck segment, depreciating 0.24% and 0.14%, respectively. On the car side, the mid-size car and near luxury car held their values best, depreciating by 0.28% and 0.25%, respectively.   

Overall, trucks performed better than cars last quarter, with the full-size pickup performing the best with a 3% quarterly depreciation rate. The subcompact crossover was the worst performing segment with 8% quarterly depreciation.

Editor's note: This story originally appeared on F&I Showroom, which is a Bobit Business Media publication.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

ELD Mandate: Is Your Head Still in the Sand?

If you think you have 11 weeks to implement an Electronic Logging Device system to meet the Dec. 18 compliance deadline, you really don’t — for a few reasons.

Who Controls Your Vehicles’ Data?

In the name of security, an automaker’s alliance is advocating denial of third-party access to the OBD-II port. Is this going too far?

A Shared Mobility Model Takes Shape for Fleets

Technology that allows cab drivers flexible access to a shared fleet is leveling the playing field for an 89-year-old taxi company.

Job Finder: Access Top Talent. Fill Key Positions.

>