Depreciation Slows for Trucks and Accelerates for Cars

Photo courtesy of Black Book. 
Photo courtesy of Black Book.

The car segment saw a week-over-week rise in depreciation while the truck segment saw a lower depreciation rate last week, according to Black Book’s Aug. 28 Market Insights report.

Overall volume-weighted car segment wholesale values decreased by 0.57% last week, compared to 0.45% the week before. The overall truck segment saw values decline by 0.28%, compared to 0.39% the week prior.

Mid-size cars and luxury cars saw the highest depreciation among cars at 0.87% and 0.82%, respectively. Compact cars saw the lowest depreciation at 0.20% last week.

In the truck segment, small pickups realized the highest depreciation for the week at 0.71%. Subcompact luxury crossovers — a segment that tied for highest depreciation two weeks ago — saw depreciation slow down last week, realizing the lowest depreciation rate among all vehicles of 0.05%.

This trend of higher depreciation among cars and lower depreciation among trucks has been going on since May of this year. Both trucks and cars have seens ups and downs in terms of depreciation, however, weekly depreciation changes have been steeper for the car segment for every weeek since late may, the firm noted. 

Another trend that the firm expects will continue as the year concludes is that auctions will continue to vie for clean quality used vehicles with low mileage, especially as the market continues to soften with the advent of the fall season. 

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

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.

The Problem with Valuing Safety Technology

As advanced safety technologies have migrated to mainstream vehicles, retaining value for these options at resale remains an issue.

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.

Job Finder: Access Top Talent. Fill Key Positions.

>