Car Values Depreciate at Twice the Rate of Truck Values

 

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full report.

 

While most car segments continue to face generally higher depreciation compared with trucks, the Black Book editors noticed this past week that it’s not just smaller cars feeling heavier depreciation right now. As an example, this week’s Market Insights report shows Full-Size Cars and Upper Midsize Cars also showing larger-than-average depreciation on the week.

 

“Depreciation rate on car segments picked up a little. While trucks continued to perform better, a couple of previously strong segments experienced a market correction,” said Anil Goyal, Vice President of Automotive Valuation and Analytics.

 

  • Overall, the volume-weighted car values decreased by 0.62% last week, higher than the depreciation rate seen in the previous 4 weeks.
  • Interestingly, segments across different sizes i.e., Full-Size Car, Upper Mid-Size Car and Compact Car dropped in value by over 0.75%. Sporty cars and luxury cars performed relatively better.
  • Overall, the volume-weighted truck values decreased by 0.27% last week, at the average depreciation rate seen in the previous 4 weeks.
  • Compact Pickup and Full Size Cargo Van segments experienced a market correction after several weeks of strong value retention.

 

Click here to download the full report.

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