No Love for Entry Sub-compacts Last Week
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 identifies a tough last week had by Sub-compact Cars (-1.09%) and Sub-compact Crossovers (-0.88%), which led their respective car and truck segments with the largest declines on the week. What’s more, car segments overall saw lighter depreciation than trucks, with the help of Full-Size Car (+0.03%), Near-Luxury Car (-0.01%), and Sporty Car (+0.16%).
“Though marginal, the overall truck segment declined more than the car segment for the first time in eight weeks,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car values decreased 0.23% last week. For comparison, the average depreciation rate last year was 0.59% at week 21. Expect higher depreciation for the summer months.
- The Sub-compact Car segment received the steepest weekly depreciation at 1.09%. It also lead weekly declines (week 21) for the past two years at -0.99% in 2015 and -1.19% in 2014.
- Volume-weighted, overall truck values decreased 0.27% last week. For comparison, the average depreciation rate last year was 0.1% at week 21.
- The Sub-compact Luxury Crossover segment was the sole truck segment to increase in value (0.71%).
- The Sub-compact Crossover segment received the highest weekly depreciation rate at 0.88%.
Author: Black Book
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