LAWRENCEVILLE, Ga.—Car segments are retaining their values better than they have in the past six months, especially compact vehicles.
The latest Black Book Market Insights report reveals a reversal of a trend in the last few years in which compact values dropped the fastest of any car segment, due to falling gas prices.
Turning to trucks, compact vans have depreciated the most with a 1.94% drop in value last week alone.
“Compact cars continued to hold their value for a second consecutive week; an encouraging sign after multiple years of sharp drops in retention values for this segment,” said Anil Goyal, senior vice president of automotive valuation and analytics.
Volume-weighted, overall car segment values decreased by 0.39% last week, better than the depreciation rate of 0.43% seen in the previous four weeks.
Near luxury car, premium sporty car segments declined the most by 0.68% and 0.67%, respectively.
Volume-weighted, overall truck segment (including pickup, SUVs and vans) values decreased by 0.51% last week, higher than the depreciation rate of 0.43% seen in the previous four weeks.
Sub-compact luxury crossover and minivan segments declined by 1.57% and 0.85%, respectively.