Used Cars Saw Twice the Depreciation Rate as Trucks Last Week

Anil Goy­al
VP of Auto­mo­tive Val­u­a­tion and Ana­lyt­ics
Black Book

Cars seg­ments depre­ci­at­ed at twice the rate of trucks last week. Vol­ume-weight­ed car val­ues decreased by 0.62%, which was high­er than the depre­ci­a­tion rate seen in the pre­vi­ous four weeks. Truck val­ues decreased by 0.27%, at the aver­age depre­ci­a­tion rate that’s been seen in the pre­vi­ous four weeks. Car depre­ci­a­tion had picked up slight­ly from the week before; trucks were stronger on the mar­ket, but two seg­ments saw a mar­ket cor­rec­tion.

Here’s the lat­est edi­tion of Black Book Mar­ket Insights

Full-Size Car, Upper Mid-Size Car and Com­pact Car Dropped in Val­ue Over 0.75%:
Sporty cars and lux­u­ry cars per­formed rel­a­tive­ly bet­ter than over­all car seg­ments.

Com­pact Pick­up and Full Size Car­go Van Seg­ments Had Mar­ket Cor­rec­tion:
After sev­er­al weeks of strong val­ue reten­tion for these two truck seg­ments.

Gap Between Diesel and Gaso­line Prices Has Been Erod­ing Late­ly:
Gaso­line price decreased by $0.032 to $2.802, and diesel saw same price drop to fin­ish week at $2.782.

Tags:


0 Comments

    Leave a Reply

    Your email address will not be published. Required field are marked *.