Wholesale depreciation continued at a seasonally elevated pace last week, with the overall market declining 0.71% as Truck and SUV segments remained under greater pressure than Cars, according to Black Book Market Insights. Despite softer wholesale values, retail pricing and inventory trends continue to support buyer activity, although purchasing decisions are becoming increasingly selective based on vehicle condition, mileage, and overall desirability.
Car Segments
- On a volume-weighted basis, the overall Car segment decreased -0.48%. For reference, in the previous week, cars decreased -0.45%.
- The 0-to-2-year-old Car segments were down -0.45% and 8-to-16-year-old Cars decreased -0.32%.
- Declines were broad-based, with all nine Car segments posting losses across every age category last week.Premium Sporty Cars continued to show exceptional stability, with the segment down only -0.02% last week, supported by a +0.14% increase among 8-to-16-year-old models.
- Sub-Compact Cars aged 2-to-8 years recorded the largest decline among Car segments, dropping -0.93%. In contrast, 0-to-2-year-old models fell a more modest -0.46%, supported by limited competition in the segment.
Truck / SUV Segments
- The volume-weighted, overall Truck segment decreased -0.80% compared to the decrease seen the prior week of -0.77%.
- The 0-to-2-year-old models saw an average decrease of -0.61% and the 8- to-16-year-old models experienced an average decrease of -0.56%.
- All Truck segments declined last week across every age category.
- Compact Crossovers experienced their largest weekly declines since last December across the 2-to-8-year-old, 0-to-2-year-old, and 8-to-16-year-old age groups.
- Full-Size Pickups posted another week of declines exceeding 1%, with the 0-to-2-year-old segment down -1.22% and the 2-to-8-year-old segment down -1.15%.
- Minivans experienced a sharp decline last week, led by the 2-to-8-year-old segment at -2.16%, followed by the 0-to-2-year-old segment at -1.11% and the 8-to-16-year-old segment at -0.81%.
