New Report: Used vehicle values stabilize
Meanwhile, the Compact Car and Sub-Compact Car segments experienced the least depreciation, highlighting the affordability factor driving demand for smaller mainstream used sedans, the report concludes.
The report provides in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes.
“Weekly depreciation dropped to the lowest level in nine weeks,”said Anil Goyal, executive vice president, operations, for Black Book. “The car segments and light truck segments registered similar depreciation rates last week.”
- Volume-weighted, overall car segment values decreased by 0.44 percent last week. In comparison, the market values had decreased by 0.66 percent on average during the prior four-week period.
- In cars, the Sub-Compact Car and Compact Car segments experienced the smallest drop.
- Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.44 percent last week. In comparison, the market values had decreased by 0.59% on average during the prior four-week period.
- In trucks, Sub-Compact Luxury Crossovers experienced the biggest drop.