LAWRENCEVILLE, Ga. — The latest Market Insights Report from Black Book shows growing depreciation rates in many car and truck segments, including compacts, “sporty” cars, and midsize SUVs and CUVs. Analysts noted the report also shows retention rates for segments such as near-luxury cars have fallen over the past few years.
“Last week, used-car values experienced the highest depreciation since January this year, driven by rising no-sales noticed at several auto auctions,” said Anil Goyal, executive vice president of operations for Black Book.
Volume-weighted, overall car segment values decreased by 0.69% last week. In comparison, the market values had decreased by only 0.36% on average during the prior four-week period. In cars, the compact car, midsize, and sporty segments experienced the biggest drops.
Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by -0.48% last week. In comparison, the market values had decreased by -0.26% on average during the prior four-week period. In trucks, the midsize SUV/CUV segment performed the worst, analysts said.
To download the full report, click here.
Originally posted on Auto Dealer Today