Weekly Car and Truck Depreciation Rises

Courtesy of Black Book.
Courtesy of Black Book.

Both cars and trucks saw a noticeable rise in depreciation in the last week, according to Black Book’s Nov. 6 Market Insights report.

Average wholesale values for cars fell by 0.60% last week, compared to 0.37% the week before. For trucks, average wholesale values fell 0.40% last week, compared to 0.21% the week prior.

“Depreciation rates increased on both car and truck segments as buyers became hesitant to load up on inventory,” said Anil Goyal senior vice president of automotive valuation and analytics.

Among cars, full-size and sporty cars led the pack in terms of depreciation, seeing their values fall by 0.94% and 0.82%, respectively. Subcompact cars saw the lowest depreciation throughout the week, with values falling 0.16%.

Meanwhile, smaller vehicles in the truck segment realized the highest depreciation rates. Subcompact crossovers saw their average wholesale values fall by 1.03%, while compact vans saw their values fall by 1.13%, the highest rates among all vehicles through the week.

Mid-size luxury crossovers and full-size vans claimed the lowest depreciation among trucks in the week, with respective values falling by 0.10% and 0.13%.

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

6 Takeaways from the 2018 International Car Rental Show

Technological solutions are finally moving from reality to theory, peer-to-peer platforms are being redefined, China has the biggest room for growth, while Sixt’s U.S. aspirations have only just begun.

The Irony of Customer Service in the Digital Age

Sure, any company would jump at the chance to use technology to reduce labor costs. But it also comes with some big, red, flashing warning lights.

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.

Job Finder: Access Top Talent. Fill Key Positions.

>