Vice President of Automotive Valuation and Analytics
Full-size pickup trucks and SUVs are continuing to retain their values, but full-size vans are breaking a trend seen over several months as they start to drop in value. Compact cars are continuing to show large declines in value. Older vehicles are being seen at auctions by remarketers, with some in good condition and some of it leaning toward rough in conditioning.
Overall Car Values Decreased by 0.39% Last Week at Slightly Lower Rate:
Trucks Down 0.24%, which is slightly higher than rate seen in previous four weeks.
Compact Cars and Luxury Level Cars Saw Largest Drop at 0.78%:
Entry Mid-Size Cars Increased 0.13% while Full-Size Vans had highest depreciation.
Some Remarketers Saw Crowd Attendance Down at Auctions:
Sales performance stayed strong with vehicles in good condition with varying ages.