Weekly Car and Truck Depreciation Slows

Courtesy of Black Book. 
Courtesy of Black Book.

Depreciation slowed down for both cars and trucks last week, according to Black Book’s Sept. 4 Market Insights report.

Overall volume-weighted car segment values declined by 0.36% last week, compared to 0.57% the week before. The average wholesale value for vehicles in the truck segment declined by 0.25% last week, compared to 0.28% the week before.

Within the car segment, sporty cars suffered the biggest drop in average wholesale value, declining 0.81% last week.

“In car segments, sporty and full-size car segments showed the poorest weekly retention rates, decreasing by 0.81% and 0.6%, respectively. These two, accompanied by compact cars, were the only segments to receive steeper depreciation rates compared to the prior week,” stated the weekly report.

Near luxury cars experienced the lowest depreciation rate at 0.16%.

Subcompact crossovers posted the highest depreciation rate among all trucks at 0.65%, according to Black Book’s weekly report. This was a reversal from the previous weekly insights report when subcompact crossovers posted some of the smallest depreciation rates among all trucks.

The compact van segment continued its three-week streak of low depreciation rates with wholesale values remaining unchanged from the previous week.

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

What a Connected Fleet Means to Avis (and Car Rental)

Counter bypass is just the beginning. The promise of a “data-driven ecosystem” that connects renters with the rental agency, retail services, and even the city is a better managed fleet, an improved user experience, and new revenue opportunities during the rental itself.

Should Peer-to-Peer Renters Pay Airport Car Rental Fees?

The question is central to the City of San Francisco’s lawsuit against Turo for operating without a permit at San Francisco International Airport.

Hard Times Ahead for the Compact SUV Segment?

The hottest segment today is facing a glut of models and volume in tomorrow’s wholesale market.

Job Finder: Access Top Talent. Fill Key Positions.

>