Used vehicle values have stabilized in the U.S., according to Black Book’s recent data that draws on information between January 18-25.
“Weekly depreciation dropped to the lowest level in nine weeks,” said Anil Goyal, Executive Vice President of Operations. “The car segments and light truck segments registered similar depreciation rates last week.”
As we near the end of the month volume-weighted, overall car segment values decreased 0.44% or ($44), compared to the average 0.66% drop in market values during the prior four-week period.
Values for the Sub-Compact Car and Compact Car segments saw only the slightest decline, whereas the values for the overall truck segment (which includes SUVs, pickups and vans) decreased 0.44% ($67) last week.
Within this segment, the Sub-Compact Luxury Crossovers experienced the largest drop in values with a 1.50% or $250 decline.
In 2018, the Luxury Car and Near Luxury Car segments experienced the highest depreciation rate (-18.5% and -18.2% respectively), while the Compact Car and Sub-Compact Car categories ended with the least depreciation for that year. This, according to Black Book, is an indicator that affordability is (in part) driving consumer demand for smaller, more mainstream used sedans in the U.S.
