Black Book: Trucks Depreciating More Than Cars
The pendulum finally swung last week, with trucks showing higher depreciation than cars for the first time this year, according to Black Book.
LAWRENCEVILLE, Ga. — The pendulum finally swung last week, with trucks showing higher depreciation than cars for the first time this year, according to Black Book.
Volume-weighted, overall car values decreased by 0.56% last week — the same rate recorded in the previous four weeks. As for trucks, values decreased 0.68% on a volume-weighted basis, which was higher than the average depreciation rate of 0.47% seen in the previous four weeks.
“So far this year, light trucks have performed better than the car segments in value retentions,” wrote Anil Goya, senior vice president of automotive valuation and analytics for Black Book. “However, last week we saw a different trend with larger drops in truck segments.”
In car segments, prestige luxury cars, sporty cars, and full-size cars declined the most, dropping by 0.99%, 0.97%, and 0.89%, respectively. In truck segments, full-size crossovers/SUVs, minivans, and full-size vans declined the most, dropping by 0.9%, 0.82%, and 0.77%, respectively.
“Overall, depreciation was 2.3% in November. Although crossovers and SUVs have done well, the smallest versions of this segment have underperformed,” the firm stated in its report. “Subcompact luxury and mainstream crossovers experienced the most depreciation last month at 3.5% or higher.”
More Auto Finance

Interest Rates Further Squeeze Auto Consumers
Last month’s hike and a potential second increase this month add to a growing list of inflation woes that could continue to dent overall car sales.
Read More →
Mind Your Process
Consistent steps taken in various aspects of the F&I office can make valuable differences over time, similar to an outline for a best-selling book.
Read More →
Top Five Credit Application Fraud Flags
Compliance audits regularly reveal bad habits that can lead to fraud charges and should have been stamped out decades ago.
Read More →
More Auto Loans for the Taking in August
Riskier categories were on the uptick for the month as lenders loosened access in several areas while balancing out the exposure in another, Cox Automotive reported.
Read More →
July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →