Wholesale Car Values Appreciate on the Week

Courtesy of Black Book.
Courtesy of Black Book.

Cars and trucks saw a healthy seasonal boost in wholesale performance last week, according to Black Book’s March 27 Market Insights report. Depreciation among light trucks was at one of the lowest levels seen all year, and the overall car segment saw wholesale values appreciate.  

In fact, various vehicles across both the car and truck segments saw average wholesale values appreciate last week, according to Black Book data.

“The typical spring market lift was evident last week, with most vehicle segments performing well. Increased demand for compact and mid-size cars drove values higher,” said Anil Goyal, senior vice president of automotive valuation and analytics.

Compact cars, mid-size cars, sporty cars, and premium sporty experienced an increase to average wholesale value. These vehicles saw average wholesale values increase by 0.57%, 0.45%, 0.07%, and 0.03%.

Overall, and volume-weighted, car segment values increased by 0.21% last week, compared to the 0.31% decline in value the segment realized the week before. As has been the case for much of the year, the worst-performing segment among cars last week was the prestige luxury car segment, which depreciated by 0.58%.

Volume-weighted, overall truck segment values decreased by 0.12% last week, compared to a decline of 0.43% the week before. Subcompact crossovers were the worst performers during the week, depreciating by 0.89%. Compact vans, full-size vans, and full-size pickups were the best performers for the truck segment, appreciating by 0.37%, 0.06% and 0.01%.

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.

>