LAWRENCEVILLE, Ga.—In somewhat of a flip-flop of used values, cars overall last week dropped in value by a record 0.78%, according to the latest Black Book Market Insights report.
The same report shows trucks performed well, following a previous Black Book report that showed sharp declines in truck prices.
In the new report, mid-sized cars saw the highest depreciation with a 1.18% decrease in value. Conversely, small pickups in the truck segment performed the best out of all vehicle categories, maintaining their value from last week.
"The last full week of 2017 saw the steepest decline of the year in the overall car segment," said Anil Goyal, senior vice president of automotive valuation and analytics.
Other findings:
- Compact cars fell by 0.93%
- The sub-compact luxury crossover segment performed the worst, decreasing by 1.38%