LAWRENCEVILLE, Ga.—A new report shows trucks saw their largest price declines of 2017 the week before Christmas.
According to the latest Black Book Market Insights report, truck segments are experiencing a steeper decline in value than cars. Out of all truck segments, the compact luxury crossover/SUV group saw the highest depreciation, dropping in value by -1.52% on the week.
"Demand has slowed over the holidays as expected and trucks have taken on their steepest decline of the year,” said Anil Goyal, senior vice president of automotive valuation and analytics.
- Volume-weighted, overall car segment values decreased by 0.41% last week, lower than the average weekly decrease of 0.61% in values over the previous four weeks
- The full-size, near-luxury and luxury segments received the highest weekly depreciation rates at 0.61% to 0.65%
- Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.68% last week, highest weekly depreciation rate this year