Wholesale Used Vehicle Depreciation at Two-Month Low

Courtesy of Black Book. 
Courtesy of Black Book.

Wholesale used vehicles had their best weekly performance in two months, according to Black Book’s Sept. 11 Market Insights report.

Volume-weighted, overall car segment values were down 0.27% last week, compared to 0.36% the previous week. For the truck segment, overall values decreased by 0.15%, compared to 0.25% the previous week.

Prestige luxury and near luxury cars had the weakest showing among cars, with average wholesale values falling by 0.62% and 0.46%, respectively. Full-size cars had the strongest showing, with values flat compared to the previous week.

Among trucks, subcompact crossovers/SUVs saw the highest depreciation, with values falling 0.66% from the week before. Minivans and full-size pickups were the best performing segments, with values rising 0.15%, and 0.01%, respectively.

Black Book attributes this strong week, in part, to effects of Hurricane Harvey.

“Dealers are actively looking to buy inventory and shipping vehicles to the Houston area, anticipating strong demand due to replacement of damaged units,” said Anil Goyal, senior vice president of automotive valuation and analytics at Black Book.  

Comment On This Story

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

Another Ridiculous “Used Fleet Vehicle” Scandal

While media reports concentrate on the sting and the “outrage,” where’s the empirical evidence that fleet vehicles are less mechanically sound than vehicles sold from private owners?

Will IoT Herald a New Era in Fleet Efficiency?

With the ELD rule finally in effect, small fleet operators need to hunt for new efficiencies. In transportation logistics, Internet of Things (IoT) systems could have similar lasting impacts as telematics.

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.

Job Finder: Access Top Talent. Fill Key Positions.