Compact SUVs increased their value and remained in high demand last week, boosting the overall retention value of the truck segment, according to Black Book's Sept. 19 Market Insights report.
Volume-weighted overall car segment values decreased by 0.48% last week. This decline is similar to the average weekly decrease of 0.41% in values during the past four weeks.
In the car segment, luxury and sporty cars decreased the most, while mid-size vehicles showed a slight increase in value.
In the truck segment, values remained nearly stagnant, compared to the average decrease of 0.27% over the previous four weeks. The SUV and Compact Van segments increased the most among trucks by 0.37% and 0.51%, respectively.
“Active buying continued last week as Texas dealers replenished their inventory," said Anil Goyal, Black Book's senior vice president of automotive valuation and analytics. "Compact SUVs and mid-size cars did well."