Wholesale Truck Values Continue to Thrive, Luxury Cars Struggle

Courtesy of Black Book. 
Courtesy of Black Book.

The truck segment outperformed cars and luxury car depreciation rates remained high last week, according to Black Book’s Feb. 20 Market Insights report.

Volume-weighted, average car wholesale values depreciated by 0.46% last week, more than double the depreciation rate of 0.22% the segment saw the week prior. Mid-size cars, prestige luxury cars and premium sporty cars experienced the highest depreciation rates at 0.82%, 0.58% and 0.58%, respectively. Compact cars experienced the lowest depreciation rate of 0.25%.

“The market sentiment in auction lanes remains optimistic. Luxury vehicles show higher depreciation than mainstream brands,” said Anil Goyal, senior vice president of automotive valuation and analytics.

Volume-weighted, overall truck segment wholesale values decreased by 0.27% last week, better than the depreciation rate of 0.36% the segment saw the week before. Full-size crossovers/SUVs and full-size pickups realized the highest depreciation rates of 0.44% and 0.38%, respectively. Sub-compact crossovers and compact vans were flat last week.

Looking at last month’s depreciation trends by segment: full-size pickups, small pickups, mid-size cars, and full-size crossovers/SUVs were the month’s best-performing segments. All four of those segments shared the month’s lowest depreciation rate of 1.1%.  Premium sporty cars, prestige luxury cars, near luxury cars and luxury cars had the month’s  highest depreciation rates of 2.8%, 2.8%, 2.4%, and 2.3%, respectively.

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

Trump and Regulations: An Alt-Fuel View

With 2025 emissions targets back in review, manufacturers, alt-fuel, and alt-power suppliers weigh in on the potential impacts of Trump’s initiatives.

Why GM’s Telematics Announcement is a Really Big Deal

Enabling a telematics connection at the factory — and not through an aftermarket hardware installation — is a game changer for fleets.

Four Thoughts From the 2016 Conference Calls

Sifting through the notes of Avis Budget Group’s and Hertz Global Holdings’ recent fourth quarter conference calls give us some trend lines to watch out for in 2017. (Of course, this gives us an incomplete snapshot, as Enterprise Holdings is privately held.)

Job Finder: Access Top Talent. Fill Key Positions.

>