Black Book: Used-Vehicle Depreciation Continues Slowdown
For the car segment, wholesale values decreased by 0.56% last week, an improvement over the 0.62% decrease the segment realized the week before. On the truck front, wholesale values decreased by 0.31%, less than the prior week’s depreciation rate of 0.59%.
LAWRENCEVILLE, Ga. — Wholesale values fared well for both cars and trucks during the week following Nov. 18, according to Black Book. Volume weighted, cars realized slightly larger declines in wholesale value than the truck segment; however, both segments experienced depreciation at levels lower than the week prior.
For the car segment, wholesale values decreased by 0.56%, an improvement over the 0.62% decrease the segment realized the week before. On the truck front, wholesale values decreased by 0.31%, less than the prior week’s depreciation rate of 0.59%.
“Sales percentages were reported to have improved slightly last week with both car and truck segment values depreciating less than the trends seen in the recent weeks,” noted Anil Goyal, senior vice president of automotive valuation and analytics for Black Book.
Within the car segment, sub-compact cars, near luxury cars and mid-size cars realized the biggest depreciation hits. The segments saw their values decline by 1.22%, 1.00% and 0.74%, respectively. For trucks, compact luxury crossover/SUVs, mid-size luxury crossover/SUVs, and compact vans experienced the biggest declines. Those segments, according to Black Book, saw values decline by 0.71%, 0.52%, and 0.49%, respectively.
More Auto Finance
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 →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Cars a Tad More Affordable
May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.
Read More →
First-Quarter Sees Long Auto Loan Growth
Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.
Read More →
Mastering Credit Friction
In this video, Josh Krach explains how to turn credit friction into an advantage.
Read More →