Wholesale depreciation continued at a pace similar to the previous week, with the overall market declining 0.73% as truck and SUV segments again outpaced cars in depreciation, according to Black Book Market Insights.
Auction activity remained steady, but buyers became increasingly selective, continuing to reward clean, well-equipped, retail-ready inventory while applying greater discounts to higher-mileage vehicles, lower-content trims, and less desirable configurations. This growing separation between the strongest- and weakest-performing vehicles remains the defining trend in today’s wholesale market.
Car Segments
- On a volume-weighted basis, the overall Car segment decreased -0.52%. For reference, in the previous week, cars decreased -0.48%.
- The 0-to-2-year-old Car segments were down -0.44% and 8-to-16-year-old Cars decreased -0.20%.
- All nine 0-to-2-year-old and 2-to-8-year-old Car segments declined last week, while all but one 8-to-16-year-old segment also decreased.
- Compact Car recorded the largest decline at -0.93%, marking the segment’s steepest single-week drop since November 2025. The 0-to-2-year-old segment fell – 0.88%, while the 8-to-16-year-old segment remained comparatively resilient at – 0.26%.
- Sporty Car values remained relatively stable despite continued softening, with declines of -0.08% for 0-to-2-year-olds, -0.13% for 2-to-8-year-olds, and -0.09% for 8-to-16-year-olds.
- The 8-to-16-year-old Near Luxury Car segment was the only Car segment across all age groups to post a gain last week, increasing +0.06%.
Truck / SUV Segments
- The volume-weighted, overall Truck segment decreased -0.80% compared to the decrease seen the prior week of -0.80%.
- The 0-to-2-year-old models saw an average decrease of -0.53% and the 8-to-16-year-old models experienced an average decrease of -0.54%.
- All Truck segments declined last week across every age category, reflecting broad-based weakness throughout the truck market.
- Minivan posted the largest decline at -2.40%, following last week’s -2.16% drop. This marks the first consecutive declines of this magnitude since August 2023, with the previous comparable move occurring in October 2022.
- Full-Size Crossover values continued to weaken across all age groups. The 2-to-8-year-old segment fell -1.79%, its largest single-week decline since December 2023, while the 0- to-2-year-old and 8-to-16-year-old segments declined -1.40% and -1.20%, respectively. Across all age groups, these were the steepest weekly declines for the segment since December 2023.
