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%.

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

Market Forces Driving Car Rental in 2018

An analysis of the conference calls of Avis Budget Group and Hertz Global Holdings reveal trends and initiatives involving fleet right sizing, pricing, ancillary revenue opportunities, and renting to ride-hailing drivers.

Trends Moving the Truck Market

Storylines that emerged from the 2018 Work Truck Show include the increasing need for on-site productivity, inclusion of active safety systems in trucks, DPF frustrations affecting product decisions, data management, and the growing link between fleet management and company revenue.

MIT Study Reinforces the Newfound Importance of Fleet

Uber and Lyft drivers make far less when factoring vehicle expenses, though the actual numbers are now in dispute. A proper lifecycle cost analysis would’ve helped, and shows the benefit of collaboration with fleet professionals.

Job Finder: Access Top Talent. Fill Key Positions.