Vice President of Automotive Valuation and Analytics
Black Book has taken a look at depreciation trends in the past three months and sees that smaller cars have been hardest hit. The Entry Level Car segment dropped by over 9% in value during that period. Truck resale values decreased by 0.19% last week, which is similar to the average depreciation seen by trucks over the last 12 weeks; but that’s two-thirds of the depreciation rate seen this time last year.
Overall Car Values Decreased by 0.45% Last Week (Volume-weighted):
Similar to the average depreciation rate over past three months, but three fourths of depreciation rate seen this time last year.
Compact Pickup, Mid-Size Pickup and Full-Size SUV Segments:
Have retained their value the best over the last 3 months, changing less than 1%.
Seems to Be Variety of Opinions Between Dealers About Market Activity:
Some see retail activity as being good and some say it’s slow.