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Trucks Continue to Show Slower Depreciation Than Cars

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A Black Book Market Insights report recently showed car segments are picking up more weekly depreciation compared with trucks, signaling that summer is fast approaching. The report also spotlights mid-size cars, which have been experiencing some of the highest depreciation among all car segments as of late.

“Mid-size cars depreciated at a higher rate than other car segments for the second week in a row. Dealers are reporting slow retail and tightening in subprime credit,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.

  • Volume-weighted, overall car segment values decreased by 0.41 percent last week, worse than the average weekly decrease of 0.31 percent in values over the previous two weeks.
  • Mid-size car, full-size car, sub-compact car and luxury car segments declined the most by 0.49 to 0.64 percent, respectively.
  • Volume-weighted, overall truck segment (including pickup, SUVs and vans) values decreased by 0.28 percent last week, slightly better than the average weekly decrease of 0.34 percent in values over the previous two weeks.
  • Mid-size crossover/SUV and compact van segments declined the most by 0.58 percent and 0.54 percent, respectively.

Click here to download the full report.

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