Compact cars and compact crossovers are increasing in value, while most other vehicle segment values decline.
Last week’s edition of Black Book Market Insights, which offers in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes, showed that while smaller vehicles were doing well, mid-size luxury crossovers/SUVs saw the largest weekly drop in value, decreasing by 0.77 percent.
“Nearly all segments besides luxury vehicles and sporty cars performed well last week, as buyers from Texas bid up prices to acquire replacement vehicles,” said Anil Goyal, senior vice president of automotive valuation and analytics.
Other findings included:
Volume-weighted, overall car segment values decreased by 0.19 percent, which was much better than the average weekly decrease of 0.42 percent in values over the previous four weeks.
Compact cars performed the best while sub-compact, mid-size and full-size car values were strong as well, with no depreciation.
Volume-weighted, overall truck segment (including pickups, SUVs and vans) values decreased by 0.10 percent, better than the average weekly decrease of 0.19 percent in values over the previous four weeks.
Subcompact crossover and compact crossover/SUV segments increased the most among truck segments, by 0.46 and 0.39 percent respectively.