Vehicle Depreciation Reaches 'Seasonal High Declines'

Chart courtesy of Black Book.
Chart courtesy of Black Book.

Both car and truck wholesale values continued to fall last week, according to Black Book’s Nov. 20 Market Insights report.

Overall car segment values fell 0.67% last week, compared to 0.52% the week before it. Overall truck segment values fell 0.50% last week, compared to 0.36% the week before.

“A great deal can change with values over a few weeks; many segments are rapidly shifting toward seasonal high declines,” said Anil Goyal, senior vice president of automotive valuation and analytics.

Compact cars, mid-size cars and near-luxury cars suffered the biggest drops within the car segment, with average wholesale values falling by 0.82%, 0.90%, and 0.89%, respectively. The best-performing vehicle in the car segment last week was the full-size car, which saw its average wholesale value fall by 0.27%.

Sub-compact luxury crossovers realized the highest depreciation among all vehicles tracked by Black Book at 1.25% during the week. Conversely, compact vans realized the lowest deprecation among all vehicles tracked at 0.02%.

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