VP of Automotive Valuation and Analytics
All vehicle segments saw value depreciation last week, yet the sales volume stayed up. Auction activity stayed up considering the holidays. It may be an indication of a strong year starting up at the auctions. Volume-weighted, overall truck values decreased slightly higher than cars – at 0.36% down for trucks versus 0.33% down for cars values.
Prestige Luxury Remained Relatively Stable – Only Car Segment to See Stability:
Near Luxury Car segment had largest change for cars at 0.63% decrease from last week.
Mid-Size CUV and Mini Cargo Van Had Largest Weekly Depreciation Rates:
Segments declined at -0.75% and -0.84%, respectively.
Gasoline Prices Went up to $2.034 Last Week, $0.265 Below Last Year:
Diesel prices were higher at $2.235, $0.978 below this time a year ago.