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

Will Cars Become Transportation Appliances?

The cars are still the stars, but this year’s L.A. Auto Show revealed an auto industry at a crossroads.

U.S. Car Rental: Sanity in the Face of Disruption

A newfound austerity in fleeting is producing a domino effect of benefits for 2018.

Understanding The Fleetification of Everything

As fleet miles increase exponentially, and as new stratum of fleet enter both consumer and business use cases, the "founding fathers" who gathered at Fleet Forward in Miami last week have some work to do.

Job Finder: Access Top Talent. Fill Key Positions.

>