LAWRENCEVILLE, Ga.—Thanksgiving holiday shopping gave used car sales—and values—a boost, according to the latest data from Black Book.
Not only did used car sales tick up, but the skid in used values, which had been increasing in recent months, slowed down, Black Book reported.
Volume weighted, overall car segment values decreased by 0.56%, lower than the depreciation rate of 0.62% seen in the previous four weeks.
“Sales percentages were reported to have improved slightly last week with both car and truck segment values depreciating less than the trends seen in the recent weeks,” said Anil Goyal, senior vice president of automotive valuation and analytics.
Sub-compact car, near luxury car and mid-size car segments declined the most by 1.22%, 1.00% and 0.74%, respectively.
Volume-weighted, overall truck segment (including pickups, SUVs and vans) values decreased by 0.31% last week, lower than the depreciation rate of 0.59% seen in the previous four weeks.
Compact luxury crossover/SUV, mid-size luxury crossover/SUV and compact van segments declined the most by 0.71%, 0.52% and 0.49%, respectively.