Senior VP of Automotive Valuation and Analytics
Used vehicle data from the month of February showed that most car segment’s retention has generally continued to perform weaker than that of trucks. The month did see variations by segment, with a few truck segments showing much weakness while some car segments showed strength – and vice versa. Full-Size Pickup and Sub-Compact Car both experienced the highest depreciation in the month of February. Mid-Size Car and Compact Crossover/SUV performed the best in retaining value in February.
High Supply and Low Demand for Small Cars threw Off Spring Market:
Crossover/SUV segments continue to get more interest from buyers.
Full-Size Car, Mid-Size Car and Near Luxury Car Best Performing Car Segments:
Segments changed in value by 0%, -0.2% and -0.2%, respectively.
Overall Truck Values Decreased by 0.26% Last Week:
Better than the average depreciation rate of 0.36% seen in the previous eight weeks.