VP of Automotive Valuation and Analytics
A steep price decline in the wholesale market last week impacted most vehicle segments with only a few bright spots in some. Both car and truck value declines were nearly the same, down 0.63% and 0.62% last week, respectively. Cars were on a similar trend to that seen over the previous four weeks. Truck values were higher than the average depreciation rate of 0.35% seen in the previous four weeks.
Car Segments with Strength Were Upper Mid-Size Car and Premium Sporty Car:
Those car segments had declines of only 0.26% and 0.28%, respectively.
Compact SUV and Mid-Size Pickup Were Truck Segments Doing Well Last Week:
Compact SUVs declined by only 0.07% and Mid-Size Pickup were down 0.19%.
Jetta Diesel and Passat Diesel Have Taken Biggest VW Diesel Price Drops:
Down 13.8% and 13.5%, respectively since Sept. 18 and start of diesel scandal.