Sub-Compact Car Values Continue to Drop
Welcome to this week’s edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full report.
This week’s Black Book Market Insights report looks closely at which segments are continuing to face heavier-than-normal depreciation, particularly over the last month. Smaller cars, including the Sub-Compact Cars (-2.4%) and Compact Cars (-1.6%) are two of the three segments (Compact Van at -2.2%) that are showing the greatest single-month valuation drop.
“Sub-Compact Cars saw the largest drop in values last month and they continue to experience downward pressure as demand is weak and supplies remain abundant,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car values decreased by 0.47% last week. This is worse than the average depreciation rate of 0.27% seen in the previous four weeks.
- Sub-Compact Car and Mid-Size Car segments experienced a significantly higher drop in value of 0.87% and 0.79%, respectively.
- Volume-weighted, overall truck values decreased by 0.30% last week. The average depreciation rate in truck segments was 0.15% in the previous eight weeks.
- Compact Van, Sub-Compact Crossover and Minivan segments experienced the largest decreases at 1.59%, 0.79% and 0.65%, respectively.
Where Segments Rank on the 1-Month Depreciation Spectrum
Author: Black Book
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