Black Book: Truck and Car Wholesale Values See Slight Uptick
LAWRENCEVILLE, Ga. — Wholesale values fared well for both cars and trucks during the week following Nov. 18, according to Black Book. Volume weighted, cars realized slightly larger declines in wholesale value than the truck segment; however, both segments experienced depreciation at levels lower than the week prior.
For the car segment, wholesale values decreased by 0.56%, an improvement over the 0.62% decrease the segment realized the week before. On the truck front, wholesale values decreased by 0.31%, less than the prior week’s depreciation rate of 0.59%.
“Sales percentages were reported to have improved slightly last week with both car and truck segment values depreciating less than the trends seen in the recent weeks,” noted Anil Goyal, senior vice president of automotive valuation and analytics for Black Book.
Within the car segment, sub-compact cars, near luxury cars and mid-size cars realized the biggest depreciation hits. The segments saw their values decline by 1.22%, 1.00% and 0.74%, respectively. For trucks, compact luxury crossover/SUVs, mid-size luxury crossover/SUVs, and compact vans experienced the biggest declines. Those segments, according to Black Book, saw values decline by 0.71%, 0.52%, and 0.49%, respectively.
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