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%.