Black Book: Cars Continue to Outperform Truck Segment
LAWRENCEVILLE, Ga. — Full-size cars, sporty cars, and compact vans were the only vehicle segments that saw their average wholesale values increase in value last week, according to Black Book’s March 20 Market Insights report.
Full-size cars, sporty cars, and compact vans each recorded value increases of 0.05%, 0.28%, and 1.17%, respectively. Values for full-size vans remained flat from the week prior.
“The various car segments experienced broad market strength, particularly within compact, mid-size and full-size models,” said Anil Goyal, senior vice president of Automotive Valuation and Analytics. “Increased interest from dealers and higher sale percentages were noted in the auction lanes last week.”
Overall, the car segment outperformed the overall light truck segment last week. Volume-weighted, the overall car segment saw values decline by 0.17%, compared to 0.31% in the previous week, while the overall truck segment saw values decline by 0.36%, compared to 0.43% the week before.
Following a continuing trend, the worst-performing vehicle in the car segment was the prestige luxury car, which recorded a depreciation rate of 0.99%. Similarly, in the truck segment, the worst performing vehicles were mid-size luxury crossovers/SUVs, compact luxury crossovers/SUVs, and full-size pickups.
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